House Hearing to put World Bank Clean Tech Fund in the Spotlight

The World Bank’s proposal for a multi-billion-dollar Clean Technology Fund to help developing countries meet surging energy needs without accelerating climate change faces fresh scrutiny this week at a House Financial Services Committee hearing. Key question: will the fund help drive down the prize of zero-carbon renewable energy or just finance business-as-usual, including coal-fired power plants? CGD’s Joel Meister finds cause for concern in the latest draft of the proposal.

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