Tuesday, June 22, 2010

World Bank climate scam promoter: I'm optimistic; I'm out of here; they'll probably keep funding coal projects?

INTERVIEW-More wins needed in climate talks - World Bank | Reuters
In an interview, Kathy Sierra, World Bank vice-president for sustainable development, which includes the environment, said small steps in Mexico could go a long way to build the confidence to take on tough issues like binding cuts on emissions.
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Six months after climate negotiators emerged disappointed with the results of talks in Copenhagen, Sierra said momentum was picking up again to reach a new pact to replace the Kyoto Protocol, which expires in 2012.
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As Sierra prepares to leave the World Bank after a 32-year career, she said developing nations were increasingly focused on moving toward a low-carbon environment and were looking to the World Bank to help them fund that transition.
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As the world's poverty-fighting institution, the World Bank cannot completely rule out coal projects but should also not increase funding for them, Sierra said.

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