ByteDance Plans Massive AI Chip Spending Boost as Nvidia Demand Grows in China 
Royalty Pharma Stock Rises After Acquiring Full Evrysdi Royalty Rights from PTC Therapeutics 
Air China Orders 60 Airbus A320neo Jets in $9.5 Billion Deal as Airbus Strengthens Grip on China Market 
L&F Tesla Battery Supply Deal Value Drops Sharply Amid EV Market Slowdown 
Lockheed Martin Secures Nearly $500 Million in U.S. and Allied Defense Contracts 
Target Stock Rallies as Activist Interest Sparks Hopes for Strategic Change 
Neuralink Plans Automated Brain Implant Surgeries and Mass Production by 2026 
Hyundai Faces Deadline on Russia Plant Buyback Amid Ukraine War and Sanctions 
Boeing Secures $8.6 Billion Pentagon Contract for F-15 Jets for Israel 
Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy 
Lloyds Banking Group to Close Invoice Factoring Business by End of 2025 
Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China, Boosting Access to Wegovy and Mounjaro 
Disney Agrees to $10 Million Settlement Over Child Privacy Violations on YouTube 
Australia’s Modern Gold Rush: Hobby Prospectors Flock to Victoria’s Golden Triangle 
SoftBank Completes $41 Billion OpenAI Investment in Historic AI Funding Round 
Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026 
![](https://www.pinterest.com/pin/create/button/?url=https://econotimes.com/New-GWPF-Report-World-Bank-Abandons-The-Poor-950834/&media=https://www.econotimes.com/assets/images/econotimes/metaDefault.png&description=New GWPF Report: World Bank "Abandons The Poor" - EconoTimes)
The report, written by author and former Treasury adviser Rupert Darwall, with a foreword by the distinguished economist and former World Bank research administrator, Professor Deepak Lal, comes as ministers travel to Washington, DC to attend the annual World Bank meeting.
|
||||||
The report finds that the bank’s energy policies are hurting development and making poor countries poorer.
By embracing high-cost, low-reliability renewables and restricting clean coal financing, the World Bank is guilty of “an inhumane and senseless attempt to try and save the planet on the backs of the world’s poor,” Darwall says.
In line with the demands made by developing countries, he argues that the World Bank should lift its 2013 ban on financing coal-fired power stations and help the world’s poorest by supporting the next generation of low-emission power stations.
He calls on the World Bank to abandon what he says is "its damaging advocacy of renewable energy for countries that can ill afford the costs and risk of flawed technologies that rich countries have yet to solve".
Rupert Darwall: The Anti-Development Bank: The World Bank's Regressive Energy Policies (PDF)
https://www.thegwpf.org/content/uploads/2017/10/Darwall-WB.pdf
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9cb61ac6-35bf-44c1-bff0-4becebd12573
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/7f3016ab-ab95-44ee-a6e2-445f41eccdb6
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4ca32faa-f4df-4fc7-8d8d-93d1fcb7ee6a
Dr Benny Peiser The Global Warming Policy Foundation +44 20 7340 6038 [email protected]
