Sanity and Humanity Return to the World Bank?

By Paul Driessen – Re-Blogged From WUWT

Extreme greens grouse, but African and other poor families see hope in David Malpass

President Obama infamously told Africans they should focus on their “bountiful” wind, solar and biofuel. If they use “dirty” fossil fuels to raise living standards “to the point where everybody has got a car, and everybody has got air conditioning, and everybody has got a big house, well, the planet will boil over.”

So when South Africa applied for a World Bank loan to finish its low-pollution coal-fired Medupi power plant, his administration voted “present,” and the loan was approved by a bare majority of other bank member nations. The Obama Overseas Private Investment Corporation refused to support construction of a power plant designed to burn natural gas that was being “flared” and wasted in Ghana’s oil fields.

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The World Bank and its Defunct Energy Policy

By Tilak Doshi, – Re-Blogged From WUWT

The shock resignation of World Bank President Dr Jim Yong Kim, announced in early January, more than three years before his term would have ended, and the nomination of David Malpass, one of the institution’s sharpest critics in the current US administration, has been seen as yet another disruptive change to the global order under President Trump’s watch.

While disruptive change has become a regular affair under this most impetuous of US presidents, the changing of the guard at the World Bank is potentially of great consequence to the world’s poor. That is, assuming the Malpass nomination is not seriously challenged by the EU which jealously guards its say in the appointment of IMF Managing Director as part of the quid pro quo over the twin Bretton Woods institutions that served the post-World War order.

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Goodbye to a Misguided War on Coal

– Re-Blogged From Washington Times

ANALYSIS/OPINION:

The unexpected departure of Dr. Jim Yong Kim as president of the World Bank gives President Donald J. Trump the perfect opportunity to reverse the anti-fossil fuel, energy poverty agenda the bank has pursued since Dr. Kim’s appointment by President Barack Obama in 2012.

The World Bank is the world’s premier development bank. Its knowledge of developing countries means that its participation is often essential to leverage private sector investment into some of the world’s poorest countries.

Rather than development, Dr. Kim saw the bank’s principal job as waging President Obama’s war on coal across the developing world. One of his first acts was instituting a ban on World Bank participation in any funding of new electrical generation projects using coal, other than in the most exceptional circumstances.

Helping China put American Farmers Out of Work

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

The World Bank, to which the USA is by far the largest contributor, has launched a climate program in rural China, to help Chinese farmers improve infrastructure and productivity. This will in turn help the Chinese drive down the profits and job opportunities in rural America.

Project Helps Farmers Adapt to Climate Change in China

About 380,000 rural households in six Chinese provinces are benefiting from a project that helps build sustainable and climate-smart agriculture. The project is funded by the World Bank and the Government of China, with additional technical expertise from the Investment Centre of the Food and Agriculture Organization (FAO) of the United Nations.

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Perverse Climate “Morality”

Guest essay by Paul Driessen – Re-Blogged From http://www.WattsUpWithThat.com

Current climate policies mean energy deprivation, poverty, disease and death for billions.

You’ve got to admit, liberal are masters at describing every initiative they launch as “the moral thing to do.” Their campaign for draconian energy regulations and a new global warming treaty is no exception. Protecting people, wildlife and ecosystems from climate catastrophes is the greatest moral cause of our time, alarmist scientists, activists, politicians, bureaucrats, clerics and journalists insist. Rubbish.

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The New Order Emerges

By Alasdair Macleod – Re-Blogged From http://www.Silver-Phoenix500.com

China and Russia have taken the lead in establishing the Asian Infrastructure Investment Bank (AIIB), seen as a rival organisation to the World Bank and the Asian Development Bank, which are dominated by the United States with Europe and Japan.

These banks do business at the behest of the old Bretton Woods* order. The AIIB will dance to China and Russia’s tune instead.
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