Environmentally Friendly Products, Services and News
Warning: mysql_fetch_row(): supplied argument is not a valid MySQL result resource in /usr/local/home/httpd/vhtdocs/greenconsumerguide/html/government.php on line 62

Warning: mysql_num_rows(): supplied argument is not a valid MySQL result resource in /usr/local/home/httpd/vhtdocs/greenconsumerguide/html/government.php on line 66

Warning: mysql_fetch_row(): supplied argument is not a valid MySQL result resource in /usr/local/home/httpd/vhtdocs/greenconsumerguide/html/government.php on line 88
Homepage Commercial User Section Government User Section
   LA21/Councils Feedback Submissions Site Map Courses Get News on your WAP
Put our environmental headlines on your site
LA 21 Policies - Submit Yours
Golf Tdi Diesel

  World Bank requires energy rethink – WWF

Monday 23 June 2008
emissionsThe World Bank’s investments in the energy industry need to move away from fossil fuel projects and take greater emphasis on renewables if it is to fulfill its position of ‘the environmental bank’ as claimed by PM Gordon Brown, says WWF-UK.

Despite significant support of the renewables sector, the World Bank has continued to back the fossil fuel market to the tune of $1bn per year since 2005. Despite targets of 20% annual increases of renewable funding, WWF-UK claims in new research that the figure was only 2% between 2006 and 2007. According to WWF-UK’s report, the levels of current funding are not in line with global climate change predictions, with no immediate indications of a policy shift in the near future.

“The World Bank holds significant influence and as a global leader should be setting a precedent for other major public and private financial institutions with its decisions on energy financing. The energy infrastructure that it finances today lays the foundation for the global emissions profile of the future,” said Toby Quantrill, Head of International Governance at WWF-UK. “If the World Bank is truly serious about addressing climate change, it can waste no time in rapidly and fundamentally shifting its energy investment portfolio to one that is both cleaner and greener.”

The conservation group is calling on the UK Government as a major shareholder in the World Bank to lead the change within the organisation, beginning with a scheduled phase-out for fossil fuel support and an increasing low-carbon and renewable portfolio, as well as creating a way in which the World Bank’s carbon footprint can be accounted for.

 Text Only/Printable Version
 Show all headlines
Get news on your WAP | News Archive | Sign up to our Free Newsletter



Building Products
Electrical Goods
Energy Efficiency
Environment Services
IT Solutions
Office Supplies
Professional Services
Sign up to our free electronic newsletter
Read our Privacy Policy
Tell a friend | How to link to us | | About Us | Contact Us | Legal | Privacy Policy

© 2018 Green Media - Web Design Newcastle.