The World Bank is spending millions in government funding from various countries, including the U.S., to implement climate mitigation strategies in line with an international agreement to fight climate change - the Paris climate accords.
The bank has identified climate change as the one of the largest drivers of poverty and has committed to an energy investment strategy aligned with the emissions-limiting goals of the Paris climate accords.
President Donald Trump announced in 2017 he was pulling the U.S. out of the global climate treaty.
"Climate change is a threat to the core mission of the World Bank Group," the World Bank's 83 page Climate Change Action Plan for 2016-2020 states.
The bank has pledged to not finance upstream oil and natural gas projects except in "Exceptional circumstances" after 2019 because of the sectors' carbon emissions and alleged impact on climate change.
Even if climate change was incontrovertibly pushing global temperatures to a worst-case scenario within the next few decades, the World Bank has backed away from investing in the most reliable and scalable sources of green energy, hydro and nuclear power, in favor of wind and solar energy because the latter duo is more politically popular, according to Epstein.
http://dailycaller.com/2018/07/15/paris-climate-accords-spending/?utm_medium=email
The bank has identified climate change as the one of the largest drivers of poverty and has committed to an energy investment strategy aligned with the emissions-limiting goals of the Paris climate accords.
President Donald Trump announced in 2017 he was pulling the U.S. out of the global climate treaty.
"Climate change is a threat to the core mission of the World Bank Group," the World Bank's 83 page Climate Change Action Plan for 2016-2020 states.
The bank has pledged to not finance upstream oil and natural gas projects except in "Exceptional circumstances" after 2019 because of the sectors' carbon emissions and alleged impact on climate change.
Even if climate change was incontrovertibly pushing global temperatures to a worst-case scenario within the next few decades, the World Bank has backed away from investing in the most reliable and scalable sources of green energy, hydro and nuclear power, in favor of wind and solar energy because the latter duo is more politically popular, according to Epstein.
http://dailycaller.com/2018/07/15/paris-climate-accords-spending/?utm_medium=email
No comments:
Post a Comment