Why is the World Bank holding on to out-of-date hydropower?

 09/15/2016

Hydropower is out of date. When will the World Bank catch up with the global breakthrough of wind and solar? © Ulrich EichelmannHydropower is a phase-out model. Wind and solar – environmentally, socially as well as economically much sounder – are the energy sources of the present and future. Why is then, that the World Bank seems to ignore the global shift in the renewable energy sector and instead continues to advocate for multi-billion dollar dam projects.

“When Jim Kim took over at the World Bank, he knew that he had to shift his institution out of climate destroying fossil fuels. Yet the new President didn’t have the courage and foresight to prioritize emerging renewable energies. Instead, he personally championed the return of his institution to the mega-dam projects which had been popular in the 1960s and 70s.” (International Rivers)

Read the full International Rivers Report “The World Bank President’s Meager Harvest

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