World Bank Plan Still Favours “Clean” Fossil Fuels

A global energy plan to be released by the World Bank next month risks squandering scarce resources on so-called clean coal technologies and misses bigger investments in renewable energy, but does address gaps in the energy needs of the poor, according to a new analysis by an environmental group.

In a brief analysis of the document, IRN argues that clean technologies like wind, solar, modern biomass, geothermal and small hydropower are available locally, create jobs and have very low environmental impacts, and could better achieve this dividend.

The group, which presses for wider adoption of renewable energy and fewer environmentally damaging mega-projects, faulted the Bank for prioritising “large regional hydro and thermal generation plants” as the appropriate way to provide energy access.

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