World bank to focus future investment on clean energy

clock

World Bank will only fund coal projects in cases of ‘extreme need’ due to the risk climate change poses to ending world poverty, says Jim Yong Kim

The World Bank will invest heavily in clean energy and only fund coal projects in "circumstances of extreme need" because climate change will undermine efforts to eliminate extreme poverty, says its president...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

'Too low and too tight': Clean energy auction budget will discourage investment, sector warns

'Too low and too tight': Clean energy auction budget will discourage investment, sector warns

Trade bodies and analysts urge government to reverse plan to reduce budget allocated for upcoming renewables auction

Cecilia Keating
clock 17 March 2023 • 3 min read
E.ON plots European electricity infrastructure investment spree

E.ON plots European electricity infrastructure investment spree

CEO of energy generation and supply business eyes 'big growth potential' as energy transition gathers pace

Cecilia Keating
clock 15 March 2023 • 2 min read
Integrated electricity is the new frontier of climate leadership

Integrated electricity is the new frontier of climate leadership

Forward-thinking businesses should seize the opportunity to become providers and facilitators of clean electricity, writes Climate Group's Mike Peirce

Mike Peirce, Climate Group
clock 15 March 2023 • 4 min read