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I guess Kerry gave a great speech at the World Bank on not funding dirty energy. [View All]

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beachmom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-19-09 01:08 PM
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I guess Kerry gave a great speech at the World Bank on not funding dirty energy.
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http://www.motherjones.com/mojo/2009/11/kerry-calls-world-bank-stop-funding-dirty-energy

Kerry to World Bank: Don't Be Dirty

John Kerry gave a barn-burner of a speech at the World Bank on Wednesday, laying into development banks for pouring massive sums into dirty energy projects in poor countries. "Reducing energy poverty and combating climate change cannot be mutually exclusive challenges," said Kerry. "We won't solve climate change unless we also seriously tackle energy poverty, and we haven't really solved energy poverty if we ravage our planet in the process."

...

Kerry was unusually agressive in his critcism of development banks. "There is no excuse," he said, for the Inter-American Development Bank's decision to back two new coal-fired power plants in Brazil. And the World Bank, he argued, should take the lead by including emissions as a key criteria when deciding which energy projects to finance. Kerry called on the Bank to weigh not only estimates of construction and operation costs when funding new projects, but also projected emissions. The Bank should also work harder to present low-carbon alternatives to its aid recipients, and fund clean energy projects whenever possible.


Sounds like a great speech.

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