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Posts tagged with the keyword: ‘World Bank’

World Bank to reward Uganda for planting trees

World Bank to reward Uganda for planting trees

Uganda is undertaking a reforestation project that will help reduce global warming emissions under the Kyoto Protocol. The Nile Basin Reforestation Project is a ground-breaking project being implemented by the National Forestry Authority (NFA) in association with local community organisations. The growing trees absorb carbon dioxide from the atmosphere, in exchange for revenues from the […]

World Bank warns annual climate adaptation bill to hit $100bn

World Bank warns annual climate adaptation bill to hit $100bn

The annual cost of adapting to climate change in developing economies will reach between $75bn and $100bn over the next 40 years, according to preliminary findings from a major new study by the World Bank. Funded by the governments of the Netherlands, Switzerland and the UK, the Economics of Adaptation to Climate Change (EACC) report […]

World Bank Spends Billions On Coal-Fired Power Stations Despite Own Warnings

World Bank Spends Billions On Coal-Fired Power Stations Despite Own Warnings

The World Bank is spending billions of pounds subsidising new coal-fired power stations in developing countries despite claiming that burning fossil fuels exposes the poor to catastrophic climate change. The bank, which has a goal of reducing poverty and is funded by Britain and other developed countries, calls on all nations in a report today […]

Rich Nations Must Lead Global Warming Battle: World Bank

Rich Nations Must Lead Global Warming Battle: World Bank

WASHINGTON (AFP) – The World Bank on Tuesday called on rich countries to step up the battle against global warming, saying their assistance is essential to help developing countries reduce their carbon footprints. Developing countries can shift to lower-carbon paths while promoting development and reducing poverty, but this depends on financial and technical assistance from […]

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