World Bank's Climate Change [Scam] Envoy Steers Around Hot-Button Issues - NYTimes.com
Ask Andrew Steer, the World Bank's new climate change envoy, what he thinks of his institution's controversial recent decision to help build the world's fourth-dirtiest coal plant in South Africa, and he hedges.
"My job is not to give a personal opinion on things," Steer finally says. His thoughts on a sensitive proposal to calculate the environmental and social costs of carbon emissions in all new project assessments? That's for World Bank shareholders to decide, Steer maintains.
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But environmental activists who fought the South Africa power plant, are pushing the bank to accept shadow carbon accounting, and are demanding an end to fossil fuel loans say they're not worried by the non-answers. To the contrary, many say they are confident they have an ally in Steer, who recently became the World Bank's first-ever ambassador for climate change and low-carbon development.
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Even so, industrialized countries are starting to put up promised funds to help vulnerable nations cope with climate change. The World Bank is poised to take on a significant role in doling out that money, which could amount to $100 billion annually by 2020.
...The World Bank's ability to bend the ear of top leaders and channel large sums of money -- like a $6 billion climate [hoax] investment fund that Steer will oversee as part of his portfolio -- makes the institution a unique player in climate finance, he argued.
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