World Bank dumps Kosovo plant, ending support for coal worldwide

clock • 2 min read

The Kosova e Re lignite plant could not compete with renewables on price, said bank president Jim Yong Kim

The World Bank has abandoned the last coal project on its books, with its president publicly dumping the Kosova e Re plant on Wednesday. Speaking at a town hall event in Bali, Jim Yong Kim was asked...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

British International Investment committed £708m in climate finance in 2024

British International Investment committed £708m in climate finance in 2024

Climate finance assets now make up 26 per cent of UK development finance institution's portfolio, annual review shows

Stuart Stone
clock 04 July 2025 • 3 min read
Why demand for UK green bonds remains strong, despite Trump's pushback against ESG in the US

Why a US pushback against ESG has done little to dampen demand for green bonds in the UK

Data shows demand for green bonds remains elevated in the UK, while the push for energy security and homegrown renewables only adds further impetus behind the market, according to investors and financial analysts

Sorin Dojan, Investment Week
clock 04 July 2025 • 5 min read
Study: Green transition to boost productivity across the UK economy

Study: Green transition to boost productivity across the UK economy

Clean energy transition will deliver benefits for the power, transport, and heating sectors that will create positive ripples across the economy, new analysis predicts

Stuart Stone
clock 03 July 2025 • 3 min read