World Bank chief defends coal investments
He said he has instructed the bank’s employees to look for alternatives to coal but that it had to be realistic about the cost of using renewable energy to meet the needs of poorer nations – citing the funding of a new coal power plant in Kosovo.
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“We would certainly love to be able to move in the direction of having all of our investments go into renewable energy, but as I said, we’ve got to face this issue of people needing energy,” said Kim.
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