29 May '13, 6pm

World Bank Announces Renewed Support for Large Hydropower

Delegates at the International Hydropower Association World Congress, which took place last week in Kuching in Malaysian Borneo, have heard that the World Bank has reversed a two-decade old decision to turn its back on large hydropower investment. Speaking in the high level panel discussion Jean-Michel Devernay, Chief Technical Specialist on Hydropower for the World Bank explained that not only is hydropower now firmly back on their investment programme agenda, it is crucial to meet the bank’s key development goals. Under the overall theme of the Congress: ‘Delivering sustainable hydropower’, Devernay explained that the World Bank has recently redefined its overall objectives to boost prosperity and eradicate poverty while avoiding a 4°C warmer world — a reference to a Worldbank report from late last year which warns current greenhouse gas emission pledges place the world ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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