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Unsustainable WB
The study 'The World Bank and the G7: Changing the Earth's Climate for Business' details 87 loans made by the Bank since the Earth Summit (FY1993).
They will add at least 36 gigatons of CO2 to the Earth's atmosphere: ìan amount equivalent to more than ALL current annual GLOBAL fossil fuel emissionsî. The
majority of energy-sector lending (87%) goes to traditional supply-side solutions that increase the use of fossil fuels. Of the projects analyzed, 71, or 82%, directly involve
multinational companies from industrialised countries as investors, suppliers, etc.
Thus, the study concludes that the majority of World Bank energy projects benefits the multinationals rather than the poorest part of the population, and that they are
undermining the spirit of the Climate Convention.

Source: Institute for Policy Studies, att. D. Wysham, e-mail: Eight years of Solar Home Systems.
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Sustainable Energy News
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ISSUE #20 Sustainable Energy News (16 pages) (1998-02-01)
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