World Bank’s loan policy in developing countries is aiding climate change

The World Bank’s policy loans in developing countries are doing nothing but helping climate change settle in, a new study picked up by the Huffington Post claims. The study surveys the World Bank policy operations in developing countries including Egypt, Peru, Indonesia, and Mozambique between 2007-16, showing that “funds intended to boost low-carbon growth are instead supporting investment incentives for projects that put the climate, forests, and people at risk.” In Egypt, World Bank facilities going into investments for coal power plants will cause a substantial rise in coal’s share of the power generation mix from a current 0% to 20% by 2022. Tap here to view the full report.