The World Bank is failing to live up to its clean energy mandate, agreed at the 2005 G8 Summit, figures in a new report from the bank reveal. The revelation comes as the World Bank is taking an increasingly high profile and controversial role at the UN climate talks currently underway in Montreal. The Bank hopes to control several global funds and initiatives supposed to help solve the climate crisis. But the World Bank's own energy report exposes the institution's failure to act on its mandate from G8's Gleneagles summit to "take a leadership role in creating a new framework for clean energy and development." The bank's report shows that 60 per cent of its supposed support for renewable energy and energy efficiency (RE & EE) is in fact for big hydro projects.
Dec 06, 2005
































