World Bank dirty investments fueling climate change claims Friends of the Earth report
Submitted by takver on Mon, 13/06/2011 - 5:41pmAmid the latest UN climate talks taking place in Bonn Germany Friends of the Earth International have released a report highly critical of the role of the World Bank in continuing to fund dirty energy investment in developing countries and continuing to push carbon markets and offset programs which essentially privatise developing country forests in the process of generating carbon offsets.
The World Bank was made interim trustee of the new Green Climate Fund in December 2010 in Cancun. The Fund was established to assist developing countries to adapt to the impacts of global warming.
Related: Interview with Sarah-Jayne Clifton, coordinator of the Climate Justice and Energy Program of Friends of the Earth International | Follow the Bonn climate talks: Adopt a Negotiator Project; Climate Action Network; Friends of the Earth.