Coal in China
Hunter HoganCoal processing in China.

The World Bank says it cares about climate change, so why is it providing loans to help developing countries build coal power plants? Same goes for America’s support for coal plants abroad.

In recognition of this glaring climate policy disconnect, both the World Bank and the Obama administration appear to be finally backing away from  financial support of such dirty energy enterprises.

From Bloomberg:

The World Bank plans to restrict its financing of coal-fired power plants to “rare circumstances,” according to a draft strategy that reflects the lender’s increased focus on mitigating the effects of climate change.