World Bank unveils plan to boost clean energy in developing countries

The World Bank unveiled a new project to promote the use of clean energy in developing countries, where it said 10 to 40 billion dollars a year would be needed to cover the costs of adapting to projected climate change. The Bank’s policymaking Development Committee at a one-day meeting here approved the measure but provided no details on how much money it would take to implement it.

Over the next two years World Bank officials will 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.

yahoo