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Upcoming World Bank Vote Threatens Future of Clean Tech Fund

This is a joint posting with Joel Meister.

Even as President Obama breaks new ground this week on U.S. environmental policy, an upcoming vote by country members of the World Bank’s Clean Technology Fund Trust Fund Committee may perpetuate business-as-usual policies that subsidize coal-fired power plants and contribute to global warming. On Friday morning, the committee is scheduled to consider and approve investment criteria that include coal-fired power projects among “clean” technologies that are eligible for billions in MDB financing.

Davos Dispatch #1

Davos does feel different this year. CEOs as a group, if I can generalize after less than one full day, are crowding into open sessions to hear the experts opine on the world economy and the financial crisis (large meeting halls are filled early and many would-be attendees are left out in the cold). In prior years they seem to have spent more time networking with each other in the corridors. The press has emphasized that the Davos stars this year will come from the political not the corporate or entertainment worlds. So it seems.