Record sums were invested last year in coal power – the most carbon intensive form of energy on the planet – by the World Bank, despite international commitments to slash the carbon emissions blamed for climate change. The World Bank said this week that a total of US$3.4bn – or a quarter of all funding for energy projects – was spent in the year to June 2010 helping to build new coal-fired power stations. Over the same period the bank also spent $1bn on looking and drilling for oil and gas.
The UK has been accused of “locking us all into more carbon emissions for decades to come” by giving so much assistance to the sector.
The survey contradicts industry claims and indicates continued job cuts amid high profits.
European Court of Human Rights holds first-ever hearings on climate, while the UN adopts a landmark resolution asking the International Court of Justice to weigh in on countries’ legal responsibility to safeguard the climate system.
Ad data reviewed by DeSmog shows industry group paid Google to link its website to hundreds of climate-related search terms.
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