Monday, April 07, 2008

World Bank "Hijack"

More World Bank bashing.

The World Bank should hire some more environmental economists or at least do a call for academic research in this area ;-)

World Bank Accused Of Climate Change "Hijack" [Planet Ark]

BANGKOK - Developing countries and environmental groups accused the World Bank on Friday of trying to seize control of the billions of dollars of aid that will be used to tackle climate change in the next four decades.

"The World Bank's foray into climate change has gone down like a lead balloon," Friends of the Earth campaigner Tom Picken said at the end of a major climate change conference in the Thai capital.

"Many countries and civil society have expressed outrage at the World Bank's attempted hijacking of real efforts to fund climate change efforts," he said.

Before they agree to any sort of restrictions on emissions of the greenhouse gases fuelling global warming, poor countries want firm commitments of billions of dollars in aid from their rich counterparts.


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