World Bank joins war on coal


Grist

There’s a new ally in the fight against the dirtiest of fossil fuels.

The World Bank’s board of directors approved a strategy shift this week that will move the lending body formally away from its longstanding support of coal-fired power plants in favor of cleaner and smarter alternatives.

Following the adoption Tuesday of its Energy Sector Directions Paper [PDF], the World Bank will “provide financial support for greenfield coal power generation projects only in rare circumstances,” such as where there are “no feasible alternatives to coal.”

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