Friday, 19 April 2013
A welcome return to reality - World Bank chief Jim Young Kim now defends coal: "we’ve got to face this issue of people needing energy,”
“We would certainly love to be able to move in the direction of having all of our investments go into renewable energy, but as I said, we’ve got to face this issue of people needing energy,” said Kim.
The next step for Kim is to make sure that the share of fossil fuel plants in the World Bank's energy budget grows from one third to at least two thirds. (The remaining third should cover nuclear power projects).