World bank to focus future investment on clean energy

clock •

World Bank will only fund coal projects in cases of ‘extreme need’ due to the risk climate change poses to ending world poverty, says Jim Yong Kim

The World Bank will invest heavily in clean energy and only fund coal projects in "circumstances of extreme need" because climate change will undermine efforts to eliminate extreme poverty, says its president...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

'Using more clean energy than ever before': Apple confirms its emissions have fallen 60 per cent since 2015
Energy

'Using more clean energy than ever before': Apple confirms its emissions have fallen 60 per cent since 2015

Tech giant hails series of environmental milestones as it closes in on goal to become ‘carbon neutral’ by 2030

James Murray
James Murray
clock 17 April 2025 • 4 min read
Trump's tariffs: A bumpy road ahead for global clean energy markets
Energy

Trump's tariffs: A bumpy road ahead for global clean energy markets

For now businesses may adopt a 'wait and see' approach, but soon a major re-think of sales and supply chain strategies may be needed, writes BloombergNEF's Antoine Vagneur-Jones

Antoine Vagneur-Jones, BloombergNEF
clock 17 April 2025 • 4 min read
How mine water could warm up the UK's forgotten coal towns
Energy

How mine water could warm up the UK's forgotten coal towns

Funding gaps, regulatory red tape and a shortage of skilled workers are stalling the UK's mine-water heating projects, according to the University of Manchester's Jingyi Li, Alejandro Gallego Schmid and Cathy Hollis

Jingyi Li, Alejandro Gallego Schmid and Cathy Hollis, University of Manchester
clock 16 April 2025 • 5 min read