The World Bank, which once upon a time wanted to rid the world of poverty, is now trying to position itself as climate crisis savior -- but at the same time is continuing its fossilized ways. So says EarthBeat Radio -- check out their illuminating podcast on it. Janet Redman, the author of a report entitled "The World Bank: Climate Profiteer," is interviewed about a $2 billion portfolio of carbon offsets for industries in the global north to be developed in the global south. Sadly, the Bank program suffers from a lack of transparency, benefits dirty industries most, and puts the alleviation of poverty at the bottom of its list of priorities. Doesn't sound like a world of change.
Whirled Bank
Does the bank have a legitimate role in solving the climate crisis? 2
-
Posted 4:41 PM on 21 May 2008
by Erik Hoffner -
Posted in
-
Read More About
Erik Hoffner is the coordinator of the Orion Grassroots Network. Based in Massachusetts, he is also a freelance photographer and a frequent contributor to Grist.
Related Stories
The Informal Economy: Michael Jackson Edition
Climate talks should not focus on China and India at Africa’s expense
Add a Comment
You are not logged in. Thus, you cannot post a comment. If you have an account, log in. If you don't have an account, well, by all means go make one! Meet you back here in five.
Comments
View as Flat
Pangolin Posted 4:16 pm
21 May 2008
Thermal depolymerization?
If the board, contents of the executive offices and assorted files were fed into a thermal depolymerization refinery we might get a few hundred gallons of low-carbon biodiesel out of the process.
Otherwise, no.
Put the Carbon Back
Permalink
amazingdrx Posted 5:48 pm
21 May 2008
Wolfi was there
That should tell us all about the world bank's agenda.
All that cash turned into micro-development loans for local solar, wind, biogas, pedicab and bike conversions to plugin/human power hybrids, conversion to biogas/natural gas tractors,trucks, buses, and trains, and lots of organic ag with the biodigestor fertilizer. That would be a kinder, better world bank.
Instead it is designed to loan money to corporations engaging in industrial destruction and military dictatorships that benefit the industrial corporate destruction.
http://amazngdrx.blogharbor.com/blog
Permalink