Doubts over World Bank energy plan

The World Bank has unveiled a project to promote the use of clean energy in developing countries, where it said US$10 billion (HK$78 billion) to US$40 billion a year will be needed to cover the costs of adapting to projected climate change.

But some committee members have doubts about the initiative, and outside experts were also unconvinced by its thrust. Bank officials will over the next two years study technology options available, analyze the impact of climate change in developing countries and propose specific programs.

The global lender estimates that two-thirds of the increase in world energy demand over the next 25 years will come from the developing world.

The Standard