Peter Bosshard: World Bank Hydro Project Exposes Blatant Abuse of Climate [Hoax] Funds

If the World Bank and an Indian power utility have their way, the Rampur hydropower project in Northern India will increase global CO2 emissions by 15 million tons, at a cost of $164 million to unsuspecting energy consumers in Sweden. The project is a textbook example of how hydropower companies and other investors, with support from the World Bank, are gaming the system of climate finance.
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The Rampur case sheds light on the dubious role which the World Bank plays in abetting the scams that Wikileak exposed. The CDM board wouldn't consider Rampur's application for carbon credits if the financial institution didn't talk out of both sides of its mouth. The Bank claims that its projects are financially viable when it lends to them, and pretends that they are not when it arranges carbon credits for some of the same projects.

The World Bank currently manages 13 funds that are involved in carbon trading, and will become the interim trustee of the Green Climate Fund which is currently being negotiated. It argues that its expertise make it a perfect broker in the climate finance sector. Yet as the Rampur project demonstrates, the Bank has so many fingers in this pie that it cannot be trusted as an honest broker. International Rivers and many other NGOs have argued for a long time that the CDM system is broken. The world needs an effective funding mechanism that brings about the massive reduction in greenhouse gas emissions that we all depend on.

Atlas's reputation melts faster than Greenland ice – Telegraph Blogs

Global warming does funny things to people and institutions – just look at what happened to the Nobel-Peace-Prize-winning Intergovernmental Panel on Climate Change (IPCC). The latest august institution to get heated-up egg on its face is the Times Comprehensive Atlas of the World...

Crops get the cold shoulder

WATERLOO, iowa --- Frigid temperatures last week prematurely ended the growing season in parts of Iowa.

Monday's weekly U.S. Department of Agriculture Crops and Weather Report said parts of the state received a hard freeze several weeks ahead of normal and most areas reported frost.