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World Bank

Climate warning

Green group slams World Bank for backing Indonesia coal plants.

Environmental groups have submitted a formal complaint to the World Bank for providing financial support for two coal-fired power plants in Indonesia, violating a pledge to stop backing fossil fuels. The World Bank's private sector subsidiary, the International Financial Corporation (IFC), is an indirect backer of the Suralaya coal-fired power complex via its equity investment in Hana Bank Indonesia, one of the project's financiers, a coalition of green groups said. The Suralaya plant - already the largest in southeast Asia - has eight units in operation. Plans to build two more would emit 250 million tons of climate-warming carbon dioxide into the atmosphere, the groups said a letter to World Bank compliance ombudsman Janine Ferretti. Harm to local communities, including the forced eviction of those who were living on the project site, is already occurring, said the letter, sent on behalf of local grassroots organisations by Inclusive Development International, a U.S. non-governmental organisation. https://www.energyportal.eu/news/world-bank-slammed-for-backing-indonesian-coal-plants/266995/

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18 more agrees trigger contact with the recipient

  • Ann Nyambura

    39 w

    Supporting coal projects contradicts the global effort to reduce carbon emissions. The World Bank must reconsider its investments and focus on environmentally responsible alternatives.

    3
    • john linus Tom

      40 w

      We need to invest in clean energy 😔

      • Patrik Lobergh

        40 w

        Change out the World Bank management - now!

        • Edwin wangombe

          40 w

          Shame on the world Bank... financing our own extinction isn't the best way to use money

          12
          • Sarah Chabane

            40 w

            The World Bank needs to do better

            • Elizabeth Gathigia

              40 w

              Si sad, Such funds should be used to transit to clean energies

              7
              • Hilda Wangui

                40 w

                Very disappointing to see world bank financing fossils fuels rather than using the finance to boost clean energy which is environmental friendly

                12
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