05 Dec '12, 7pm

World Bank: We hate climate change. Now who wants more coal?

The World Bank, an international financial institution with a mission of bringing people out of poverty, took an unprecedented step last week when it released an unflinching report about the destruction soon to be wrought by climate change. The report, “Turn Down the Heat ,” painted a picture of a world scalded by a 4 degrees C temperature rise. It was hailed as a crucial step in aligning climate change action with worldwide business and development interests. After all, no one would call the World Bank a bastion of treehugging hippies — if it is urging action, perhaps even the reticent rich will start to listen? Fast-forward one measly day: The nonprofit World Resources Institute released a completely unrelated working paper [PDF] highlighting just how far the world is from abandoning our favorite fossil fuels, and avoiding the 4-degree hellscape the World Bank envisions....

Full article: http://grist.org/climate-energy/world-bank-we-hate-climat...

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