#renewablesnow — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #renewablesnow, aggregated by home.social.
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#EPA Expected to Erase Limits on Climate #Pollution From Power Plants
Generation of electricity is the second largest source of carbon dioxide and other planet-warming gases in the United States.
By Maxine Joselow and Lisa Friedman, Sept. 13, 2026
Excerpt: "The #Trump administration plans to announce Monday that the United States will no longer limit the planet-warming pollution that power plants pump into the air while burning coal and gas, according to two people familiar with the proposal.
"The shift by the Environmental Protection Agency would complete the administration’s erasure of the most consequential climate policies of Presidents Joseph R. Biden Jr. and Barack Obama. If the move survives expected legal challenges, it could also prevent future administrations from regulating greenhouse gas emissions from power plants. [FASCISM!!!]
"The power sector is the second largest source of carbon dioxide and other greenhouse gases in the United States. This pollution accumulates in the atmosphere, where it traps the sun’s heat, raising temperatures and supercharging extreme weather events around the globe. Scientists say the United States and other industrialized nations must sharply cut emissions to avoid the most devastating impacts of climate change.
" #LeeZeldin , the E.P.A. administrator, is expected to announce the change during a meeting of energy ministers from the Group of 20 nations in Houston, according to the two people familiar with the matter, who requested anonymity to describe the proposal before it is made public.
"Representatives for the E.P.A. did not immediately respond to a request for comment late Sunday evening.
" #Environmentalists and energy experts have opposed the move, which has been in the works since last spring. They have noted that if the U.S. power sector were its own country, it would be the fifth-largest climate polluter in the world after China, the entire United States, India and Russia.
" 'This is another nail in the coffin for this administration’s commitment to protecting people and tackling the climate crisis,' said Manish Bapna, the president of the Natural Resources Defense Council, an environmental group. The E.P.A., he said, 'is ending its legal and moral responsibility to end #ClimatePollution. '
"[Idiot-in-chief] President Trump has derided climate change as a 'hoax,' and in his second term, the E.P.A. has systematically dismantled policies aimed at slowing global warming that have been criticized as costly by #oil, #gas and #coal companies. The administration has tried to make it easier and cheaper to produce and use fossil fuels, especially to generate electricity that can meet growing demand from artificial intelligence data centers."
https://www.nytimes.com/2026/09/13/climate/epa-power-plant-climate-rules.html
Archived version:
https://archive.ph/9eoDk#EPA = #EvilPollutersAlliance !
#USPol #TrumpSucks #EPAFail #ClimateChange #ClimateCrisis #ClimateChangeIsReal #BigOilKnew #BigOilAndGas #CorporateFascism #CorporatePolluters #ClimateDenial #CorporateColonialism #GreenhouseGas #Datacenters #MakePollutersPay #AIDatacenters #AI #RenewablesNow #CharacteristicsOfFascism -
#EPA Expected to Erase Limits on Climate #Pollution From Power Plants
Generation of electricity is the second largest source of carbon dioxide and other planet-warming gases in the United States.
By Maxine Joselow and Lisa Friedman, Sept. 13, 2026
Excerpt: "The #Trump administration plans to announce Monday that the United States will no longer limit the planet-warming pollution that power plants pump into the air while burning coal and gas, according to two people familiar with the proposal.
"The shift by the Environmental Protection Agency would complete the administration’s erasure of the most consequential climate policies of Presidents Joseph R. Biden Jr. and Barack Obama. If the move survives expected legal challenges, it could also prevent future administrations from regulating greenhouse gas emissions from power plants. [FASCISM!!!]
"The power sector is the second largest source of carbon dioxide and other greenhouse gases in the United States. This pollution accumulates in the atmosphere, where it traps the sun’s heat, raising temperatures and supercharging extreme weather events around the globe. Scientists say the United States and other industrialized nations must sharply cut emissions to avoid the most devastating impacts of climate change.
" #LeeZeldin , the E.P.A. administrator, is expected to announce the change during a meeting of energy ministers from the Group of 20 nations in Houston, according to the two people familiar with the matter, who requested anonymity to describe the proposal before it is made public.
"Representatives for the E.P.A. did not immediately respond to a request for comment late Sunday evening.
" #Environmentalists and energy experts have opposed the move, which has been in the works since last spring. They have noted that if the U.S. power sector were its own country, it would be the fifth-largest climate polluter in the world after China, the entire United States, India and Russia.
" 'This is another nail in the coffin for this administration’s commitment to protecting people and tackling the climate crisis,' said Manish Bapna, the president of the Natural Resources Defense Council, an environmental group. The E.P.A., he said, 'is ending its legal and moral responsibility to end #ClimatePollution. '
"[Idiot-in-chief] President Trump has derided climate change as a 'hoax,' and in his second term, the E.P.A. has systematically dismantled policies aimed at slowing global warming that have been criticized as costly by #oil, #gas and #coal companies. The administration has tried to make it easier and cheaper to produce and use fossil fuels, especially to generate electricity that can meet growing demand from artificial intelligence data centers."
https://www.nytimes.com/2026/09/13/climate/epa-power-plant-climate-rules.html
Archived version:
https://archive.ph/9eoDk#EPA = #EvilPollutersAlliance !
#USPol #TrumpSucks #EPAFail #ClimateChange #ClimateCrisis #ClimateChangeIsReal #BigOilKnew #BigOilAndGas #CorporateFascism #CorporatePolluters #ClimateDenial #CorporateColonialism #GreenhouseGas #Datacenters #MakePollutersPay #AIDatacenters #AI #RenewablesNow #CharacteristicsOfFascism -
#EPA Expected to Erase Limits on Climate #Pollution From Power Plants
Generation of electricity is the second largest source of carbon dioxide and other planet-warming gases in the United States.
By Maxine Joselow and Lisa Friedman, Sept. 13, 2026
Excerpt: "The #Trump administration plans to announce Monday that the United States will no longer limit the planet-warming pollution that power plants pump into the air while burning coal and gas, according to two people familiar with the proposal.
"The shift by the Environmental Protection Agency would complete the administration’s erasure of the most consequential climate policies of Presidents Joseph R. Biden Jr. and Barack Obama. If the move survives expected legal challenges, it could also prevent future administrations from regulating greenhouse gas emissions from power plants. [FASCISM!!!]
"The power sector is the second largest source of carbon dioxide and other greenhouse gases in the United States. This pollution accumulates in the atmosphere, where it traps the sun’s heat, raising temperatures and supercharging extreme weather events around the globe. Scientists say the United States and other industrialized nations must sharply cut emissions to avoid the most devastating impacts of climate change.
" #LeeZeldin , the E.P.A. administrator, is expected to announce the change during a meeting of energy ministers from the Group of 20 nations in Houston, according to the two people familiar with the matter, who requested anonymity to describe the proposal before it is made public.
"Representatives for the E.P.A. did not immediately respond to a request for comment late Sunday evening.
" #Environmentalists and energy experts have opposed the move, which has been in the works since last spring. They have noted that if the U.S. power sector were its own country, it would be the fifth-largest climate polluter in the world after China, the entire United States, India and Russia.
" 'This is another nail in the coffin for this administration’s commitment to protecting people and tackling the climate crisis,' said Manish Bapna, the president of the Natural Resources Defense Council, an environmental group. The E.P.A., he said, 'is ending its legal and moral responsibility to end #ClimatePollution. '
"[Idiot-in-chief] President Trump has derided climate change as a 'hoax,' and in his second term, the E.P.A. has systematically dismantled policies aimed at slowing global warming that have been criticized as costly by #oil, #gas and #coal companies. The administration has tried to make it easier and cheaper to produce and use fossil fuels, especially to generate electricity that can meet growing demand from artificial intelligence data centers."
https://www.nytimes.com/2026/09/13/climate/epa-power-plant-climate-rules.html
Archived version:
https://archive.ph/9eoDk#EPA = #EvilPollutersAlliance !
#USPol #TrumpSucks #EPAFail #ClimateChange #ClimateCrisis #ClimateChangeIsReal #BigOilKnew #BigOilAndGas #CorporateFascism #CorporatePolluters #ClimateDenial #CorporateColonialism #GreenhouseGas #Datacenters #MakePollutersPay #AIDatacenters #AI #RenewablesNow #CharacteristicsOfFascism -
#EPA Expected to Erase Limits on Climate #Pollution From Power Plants
Generation of electricity is the second largest source of carbon dioxide and other planet-warming gases in the United States.
By Maxine Joselow and Lisa Friedman, Sept. 13, 2026
Excerpt: "The #Trump administration plans to announce Monday that the United States will no longer limit the planet-warming pollution that power plants pump into the air while burning coal and gas, according to two people familiar with the proposal.
"The shift by the Environmental Protection Agency would complete the administration’s erasure of the most consequential climate policies of Presidents Joseph R. Biden Jr. and Barack Obama. If the move survives expected legal challenges, it could also prevent future administrations from regulating greenhouse gas emissions from power plants. [FASCISM!!!]
"The power sector is the second largest source of carbon dioxide and other greenhouse gases in the United States. This pollution accumulates in the atmosphere, where it traps the sun’s heat, raising temperatures and supercharging extreme weather events around the globe. Scientists say the United States and other industrialized nations must sharply cut emissions to avoid the most devastating impacts of climate change.
" #LeeZeldin , the E.P.A. administrator, is expected to announce the change during a meeting of energy ministers from the Group of 20 nations in Houston, according to the two people familiar with the matter, who requested anonymity to describe the proposal before it is made public.
"Representatives for the E.P.A. did not immediately respond to a request for comment late Sunday evening.
" #Environmentalists and energy experts have opposed the move, which has been in the works since last spring. They have noted that if the U.S. power sector were its own country, it would be the fifth-largest climate polluter in the world after China, the entire United States, India and Russia.
" 'This is another nail in the coffin for this administration’s commitment to protecting people and tackling the climate crisis,' said Manish Bapna, the president of the Natural Resources Defense Council, an environmental group. The E.P.A., he said, 'is ending its legal and moral responsibility to end #ClimatePollution. '
"[Idiot-in-chief] President Trump has derided climate change as a 'hoax,' and in his second term, the E.P.A. has systematically dismantled policies aimed at slowing global warming that have been criticized as costly by #oil, #gas and #coal companies. The administration has tried to make it easier and cheaper to produce and use fossil fuels, especially to generate electricity that can meet growing demand from artificial intelligence data centers."
https://www.nytimes.com/2026/09/13/climate/epa-power-plant-climate-rules.html
Archived version:
https://archive.ph/9eoDk#EPA = #EvilPollutersAlliance !
#USPol #TrumpSucks #EPAFail #ClimateChange #ClimateCrisis #ClimateChangeIsReal #BigOilKnew #BigOilAndGas #CorporateFascism #CorporatePolluters #ClimateDenial #CorporateColonialism #GreenhouseGas #Datacenters #MakePollutersPay #AIDatacenters #AI #RenewablesNow #CharacteristicsOfFascism -
#EPA Expected to Erase Limits on Climate #Pollution From Power Plants
Generation of electricity is the second largest source of carbon dioxide and other planet-warming gases in the United States.
By Maxine Joselow and Lisa Friedman, Sept. 13, 2026
Excerpt: "The #Trump administration plans to announce Monday that the United States will no longer limit the planet-warming pollution that power plants pump into the air while burning coal and gas, according to two people familiar with the proposal.
"The shift by the Environmental Protection Agency would complete the administration’s erasure of the most consequential climate policies of Presidents Joseph R. Biden Jr. and Barack Obama. If the move survives expected legal challenges, it could also prevent future administrations from regulating greenhouse gas emissions from power plants. [FASCISM!!!]
"The power sector is the second largest source of carbon dioxide and other greenhouse gases in the United States. This pollution accumulates in the atmosphere, where it traps the sun’s heat, raising temperatures and supercharging extreme weather events around the globe. Scientists say the United States and other industrialized nations must sharply cut emissions to avoid the most devastating impacts of climate change.
" #LeeZeldin , the E.P.A. administrator, is expected to announce the change during a meeting of energy ministers from the Group of 20 nations in Houston, according to the two people familiar with the matter, who requested anonymity to describe the proposal before it is made public.
"Representatives for the E.P.A. did not immediately respond to a request for comment late Sunday evening.
" #Environmentalists and energy experts have opposed the move, which has been in the works since last spring. They have noted that if the U.S. power sector were its own country, it would be the fifth-largest climate polluter in the world after China, the entire United States, India and Russia.
" 'This is another nail in the coffin for this administration’s commitment to protecting people and tackling the climate crisis,' said Manish Bapna, the president of the Natural Resources Defense Council, an environmental group. The E.P.A., he said, 'is ending its legal and moral responsibility to end #ClimatePollution. '
"[Idiot-in-chief] President Trump has derided climate change as a 'hoax,' and in his second term, the E.P.A. has systematically dismantled policies aimed at slowing global warming that have been criticized as costly by #oil, #gas and #coal companies. The administration has tried to make it easier and cheaper to produce and use fossil fuels, especially to generate electricity that can meet growing demand from artificial intelligence data centers."
https://www.nytimes.com/2026/09/13/climate/epa-power-plant-climate-rules.html
Archived version:
https://archive.ph/9eoDk#EPA = #EvilPollutersAlliance !
#USPol #TrumpSucks #EPAFail #ClimateChange #ClimateCrisis #ClimateChangeIsReal #BigOilKnew #BigOilAndGas #CorporateFascism #CorporatePolluters #ClimateDenial #CorporateColonialism #GreenhouseGas #Datacenters #MakePollutersPay #AIDatacenters #AI #RenewablesNow #CharacteristicsOfFascism -
However, we need to figure out #Batteries that don't involve #Lithium (or reuse lithium), and also #GreenTechnology that is TRULY green -- ideally from recycled or common place materials, that can be repaired, and that can be recycled/reused once its useful life is over...
#ClimateSolutions most likely to reach ‘positive tipping points’ revealed by scientists
Global shift towards clean electricity could trigger ‘cascade’ of progress, helping reduce air pollution, cut waste and revive oceans
Matthew Pearce
Thu 10 Sep 2026Excerpt: "The report, produced by the University of Exeter with the Earthshot prize, applies tipping point science to 51 priority areas across five environmental goals: protecting nature, cleaning the air, reviving oceans, eliminating waste and tackling the climate crisis.
"Smith said positive tipping points could be understood as the beneficial counterpart to dangerous climate thresholds, such as the collapse of ice sheets or the death of coral reefs.
" 'Tipping points can also work in our favour,' he said. The rapid growth of solar power, wind power and electric vehicles, as well as the recovery of some natural systems, showed beneficial change could accelerate after reaching a critical threshold.
"However, the transition to clean power is being impeded by slow planning and grid expansion, particularly in wealthier economies, and a severe lack of investment elsewhere. Africa receives less than 2% of global clean energy investment despite possessing 60% of the world’s best solar resources, according to the report.
"Research cited in the analysis suggests coordinated policies supporting clean power, transport and heating could bring forward tipping points in those sectors by between two and eight years. Progress in one sector makes the others easier by increasing demand for clean electricity, encouraging investment and driving costs down further.
"Transforming global commodity supply chains is identified as another high-impact intervention. A relatively small number of #companies, #banks and regulators control trade in commodities including #beef, #soy, #PalmOil, #timber, #cocoa and #coffee, which together drive much of the world’s tropical #deforestation."
Archived version:
https://archive.ph/hMMv4#SolarPunkSunday #NewTechnology #Capitalism #RenewablesNow #PostOil #PostCapitalism #Earth4All
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However, we need to figure out #Batteries that don't involve #Lithium (or reuse lithium), and also #GreenTechnology that is TRULY green -- ideally from recycled or common place materials, that can be repaired, and that can be recycled/reused once its useful life is over...
#ClimateSolutions most likely to reach ‘positive tipping points’ revealed by scientists
Global shift towards clean electricity could trigger ‘cascade’ of progress, helping reduce air pollution, cut waste and revive oceans
Matthew Pearce
Thu 10 Sep 2026Excerpt: "The report, produced by the University of Exeter with the Earthshot prize, applies tipping point science to 51 priority areas across five environmental goals: protecting nature, cleaning the air, reviving oceans, eliminating waste and tackling the climate crisis.
"Smith said positive tipping points could be understood as the beneficial counterpart to dangerous climate thresholds, such as the collapse of ice sheets or the death of coral reefs.
" 'Tipping points can also work in our favour,' he said. The rapid growth of solar power, wind power and electric vehicles, as well as the recovery of some natural systems, showed beneficial change could accelerate after reaching a critical threshold.
"However, the transition to clean power is being impeded by slow planning and grid expansion, particularly in wealthier economies, and a severe lack of investment elsewhere. Africa receives less than 2% of global clean energy investment despite possessing 60% of the world’s best solar resources, according to the report.
"Research cited in the analysis suggests coordinated policies supporting clean power, transport and heating could bring forward tipping points in those sectors by between two and eight years. Progress in one sector makes the others easier by increasing demand for clean electricity, encouraging investment and driving costs down further.
"Transforming global commodity supply chains is identified as another high-impact intervention. A relatively small number of #companies, #banks and regulators control trade in commodities including #beef, #soy, #PalmOil, #timber, #cocoa and #coffee, which together drive much of the world’s tropical #deforestation."
Archived version:
https://archive.ph/hMMv4#SolarPunkSunday #NewTechnology #Capitalism #RenewablesNow #PostOil #PostCapitalism #Earth4All
-
However, we need to figure out #Batteries that don't involve #Lithium (or reuse lithium), and also #GreenTechnology that is TRULY green -- ideally from recycled or common place materials, that can be repaired, and that can be recycled/reused once its useful life is over...
#ClimateSolutions most likely to reach ‘positive tipping points’ revealed by scientists
Global shift towards clean electricity could trigger ‘cascade’ of progress, helping reduce air pollution, cut waste and revive oceans
Matthew Pearce
Thu 10 Sep 2026Excerpt: "The report, produced by the University of Exeter with the Earthshot prize, applies tipping point science to 51 priority areas across five environmental goals: protecting nature, cleaning the air, reviving oceans, eliminating waste and tackling the climate crisis.
"Smith said positive tipping points could be understood as the beneficial counterpart to dangerous climate thresholds, such as the collapse of ice sheets or the death of coral reefs.
" 'Tipping points can also work in our favour,' he said. The rapid growth of solar power, wind power and electric vehicles, as well as the recovery of some natural systems, showed beneficial change could accelerate after reaching a critical threshold.
"However, the transition to clean power is being impeded by slow planning and grid expansion, particularly in wealthier economies, and a severe lack of investment elsewhere. Africa receives less than 2% of global clean energy investment despite possessing 60% of the world’s best solar resources, according to the report.
"Research cited in the analysis suggests coordinated policies supporting clean power, transport and heating could bring forward tipping points in those sectors by between two and eight years. Progress in one sector makes the others easier by increasing demand for clean electricity, encouraging investment and driving costs down further.
"Transforming global commodity supply chains is identified as another high-impact intervention. A relatively small number of #companies, #banks and regulators control trade in commodities including #beef, #soy, #PalmOil, #timber, #cocoa and #coffee, which together drive much of the world’s tropical #deforestation."
Archived version:
https://archive.ph/hMMv4#SolarPunkSunday #NewTechnology #Capitalism #RenewablesNow #PostOil #PostCapitalism #Earth4All
-
However, we need to figure out #Batteries that don't involve #Lithium (or reuse lithium), and also #GreenTechnology that is TRULY green -- ideally from recycled or common place materials, that can be repaired, and that can be recycled/reused once its useful life is over...
#ClimateSolutions most likely to reach ‘positive tipping points’ revealed by scientists
Global shift towards clean electricity could trigger ‘cascade’ of progress, helping reduce air pollution, cut waste and revive oceans
Matthew Pearce
Thu 10 Sep 2026Excerpt: "The report, produced by the University of Exeter with the Earthshot prize, applies tipping point science to 51 priority areas across five environmental goals: protecting nature, cleaning the air, reviving oceans, eliminating waste and tackling the climate crisis.
"Smith said positive tipping points could be understood as the beneficial counterpart to dangerous climate thresholds, such as the collapse of ice sheets or the death of coral reefs.
" 'Tipping points can also work in our favour,' he said. The rapid growth of solar power, wind power and electric vehicles, as well as the recovery of some natural systems, showed beneficial change could accelerate after reaching a critical threshold.
"However, the transition to clean power is being impeded by slow planning and grid expansion, particularly in wealthier economies, and a severe lack of investment elsewhere. Africa receives less than 2% of global clean energy investment despite possessing 60% of the world’s best solar resources, according to the report.
"Research cited in the analysis suggests coordinated policies supporting clean power, transport and heating could bring forward tipping points in those sectors by between two and eight years. Progress in one sector makes the others easier by increasing demand for clean electricity, encouraging investment and driving costs down further.
"Transforming global commodity supply chains is identified as another high-impact intervention. A relatively small number of #companies, #banks and regulators control trade in commodities including #beef, #soy, #PalmOil, #timber, #cocoa and #coffee, which together drive much of the world’s tropical #deforestation."
Archived version:
https://archive.ph/hMMv4#SolarPunkSunday #NewTechnology #Capitalism #RenewablesNow #PostOil #PostCapitalism #Earth4All
-
However, we need to figure out #Batteries that don't involve #Lithium (or reuse lithium), and also #GreenTechnology that is TRULY green -- ideally from recycled or common place materials, that can be repaired, and that can be recycled/reused once its useful life is over...
#ClimateSolutions most likely to reach ‘positive tipping points’ revealed by scientists
Global shift towards clean electricity could trigger ‘cascade’ of progress, helping reduce air pollution, cut waste and revive oceans
Matthew Pearce
Thu 10 Sep 2026Excerpt: "The report, produced by the University of Exeter with the Earthshot prize, applies tipping point science to 51 priority areas across five environmental goals: protecting nature, cleaning the air, reviving oceans, eliminating waste and tackling the climate crisis.
"Smith said positive tipping points could be understood as the beneficial counterpart to dangerous climate thresholds, such as the collapse of ice sheets or the death of coral reefs.
" 'Tipping points can also work in our favour,' he said. The rapid growth of solar power, wind power and electric vehicles, as well as the recovery of some natural systems, showed beneficial change could accelerate after reaching a critical threshold.
"However, the transition to clean power is being impeded by slow planning and grid expansion, particularly in wealthier economies, and a severe lack of investment elsewhere. Africa receives less than 2% of global clean energy investment despite possessing 60% of the world’s best solar resources, according to the report.
"Research cited in the analysis suggests coordinated policies supporting clean power, transport and heating could bring forward tipping points in those sectors by between two and eight years. Progress in one sector makes the others easier by increasing demand for clean electricity, encouraging investment and driving costs down further.
"Transforming global commodity supply chains is identified as another high-impact intervention. A relatively small number of #companies, #banks and regulators control trade in commodities including #beef, #soy, #PalmOil, #timber, #cocoa and #coffee, which together drive much of the world’s tropical #deforestation."
Archived version:
https://archive.ph/hMMv4#SolarPunkSunday #NewTechnology #Capitalism #RenewablesNow #PostOil #PostCapitalism #Earth4All
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From the Bretton Woods Project: #Forests
"Finally, the [#WorldBank] ’s #forest policy and #WeakSafeguards on #ForestProtection have also been observed to infringe the rights of local communities and have failed to protect one of the planet’s most important ‘#CarbonSinks’ (see Observer Spring 2017). CSOs have called for the Bank to open up its Forest Notes – which are meant to guide the interface between its lending and forests – to consultation (see Observer Winter 2017-2018). CSOs have also been highly critical of one of the forest initiatives the Bank manages, the Forest Carbon Partnership Facility (FCPF), a climate investment fund that supports Reducing Emissions from Deforestation and Forest Degradation (REDD) projects. A March 2017 post in REDD Monitor called the FCPF, 'the most cost-inefficient tree-saving scheme ever,' owing to high administrative costs between fiscal years 2009-2015 absorbing 64 per cent of FCFP’s $55 million expenditure. More generally, the Bank’s overall approach to lending has undermined the protection of vital natural ecosystems in borrower countries. As noted by Bruce Rich in his influential 2013 book, Foreclosing the Future: The World Bank and the Politics of Environmental Destruction, 'When one examines the failures to conserve ecosystems, or to mitigate environmental impacts of development, one finds that failed governance at all levels is almost invariably at the root. …Many of [the Bank’s] problems are associated with a dysfunctional institutional culture in which the relentless pressure to move money out the door, even in violation of the Bank’s own policies and rules, often overrides all other considerations.'"
2017: World Bank policy lending undermines climate goals
"One of the main problems is the Bank’s refusal to adequately assess the social and environmental risks of their policy loans" - Harlem Mariño, Derechos, Ambiente y Recursos Naturales
6 April 2017
"A late January report by US-based NGO Bank Information Center (BIC), together with partners in Egypt, Indonesia, Mozambique and Peru, claimed that the Bank is undermining its climate commitments by supporting investment incentives for coal, gas and oil projects through its development policy financing (DPF) mechanism. DPF accounts for approximately a third of all Bank funding and provides resources for programmes of policy and institutional reforms that are agreed by the Bank and the borrowing government (see Update 82). The report argued that the Bank’s financing through DPF contradicts the internationally agreed and Bank-supported goal of limiting the global average temperature increase to 2°C, which according to the Intergovernmental Panel on Climate Change would require that at least two-thirds of existing fossil fuel reserves are left in the ground.
"BIC’s report looked at the Bank’s DPF measures in four countries: Egypt, Indonesia, Mozambique and Peru. It found that DPF introduced subsidies for coal in all countries, apart from Peru. For example, the report argued that Bank-supported subsidies for coal infrastructure have helped Indonesia become one of the world’s top coal exporters. It found some DPF support for renewable energy, but argued that the Bank could do more given that all countries examined have potential to develop renewable energy. For example, while Peru’s DPF provides subsidies to public-private partnerships to develop oil and gas infrastructure, it does not include plans for solar or wind power projects."
https://www.brettonwoodsproject.org/2017/04/world-bank-policy-lending-undermines-climate-goals/
#FCPF #REDD #Ecosystems #ProtectTheForests #EnvironmentalDestruction #ForestDegradation #Deforestation #EnvironmentalImpacts #Egypt #Indonesia #Mozambique #Peru #LeaveItInTheGround #Coal #BigOilAndGas #ExtractiveIndustries #Exploitation #EnvironmentalImpacts
#HumanRights #ParisAgreement
#ParisClimateAgreement #BigOilAndGas #CorporateColonialism #IMFLoanSharks #RenewablesNow