The Bank has agreed to amend its lending policies for new coal-fired power projects, restricting financial support to countries that have “no feasible alternatives” to coal, as it seeks to balance environmental efforts with the energy needs of poor countries.
In its new Energy Sector Directions Paper, updated every ten years, the Bank also voices increased support for hydro electric power, reversing its decision to abandon these projects in the 1990s under pressure from aid groups.
Some
