World Bank to continue alternative energy financing efforts

World Bank president Jim Yong Kim said that the lender does not plan to change its stance on financing alternative energy projects and mitigating the effects of climate change


The World Bank will continue to work with governments and the private sector to boost financing for alternative energy, said its president. Photo:
The World Bank will continue to work with governments and the private sector to boost financing for alternative energy, said its president. Photo:

Washington:World Bank Group president Jim Yong Kim said on Thursday that the multilateral lender does not plan to change its stance on financing alternative energy projects and mitigating the effects of climate change.

Asked about the Trump administration’s scepticism about climate change at a press conference, Kim said the World Bank would continue to work with governments and the private sector to boost financing for alternative energy, especially in China, India, Indonesia, the Philippines, Pakistan and Vietnam.

“The science of climate change didn’t change with any particular election, and I don’t see that it will,” Kim said. “We have to be an evidence-based organisation.”

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