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Follow The Money: World Bank Abandons Coal
Views: 308
Jul 17 2013 10:20 PM | eds in Economy & Politics
The World Bank’s proposal to end coal financing reflects 21st century realities.
. . . More importantly, coal and the centralized system it powers,
. . . . . . will not end energy poverty,
. . . . . . only a decentralized clean energy ‘grid’ will.
International public finance institutions (IFIs) step forward to end coal finance.
Take the International Energy Agency (IEA)’s
. . . 5 year forecast for renewable energy growth.
. . . It projects renewables will grow to 25% of global electricity production
. . . over the next 5 years surging past natural gas and nuclear production.
. . . Add to that the fact that the vast majority of future development
. . . . . . will occur in developing economies, and
. . . . . . it’s clear that renewables are the future.
Source: Follow the Money
. . . More importantly, coal and the centralized system it powers,
. . . . . . will not end energy poverty,
. . . . . . only a decentralized clean energy ‘grid’ will.
International public finance institutions (IFIs) step forward to end coal finance.
Take the International Energy Agency (IEA)’s
. . . 5 year forecast for renewable energy growth.
. . . It projects renewables will grow to 25% of global electricity production
. . . over the next 5 years surging past natural gas and nuclear production.
. . . Add to that the fact that the vast majority of future development
. . . . . . will occur in developing economies, and
. . . . . . it’s clear that renewables are the future.
Source: Follow the Money
