World Bank moves to limit funding for coal generation

The Bank has shifted away from coal power, and is trying to encourage developing nations to do the same.

The World Bank has announced a major repositioning of how it funds energy projects in developing nations, promising to massively scale back its support for coal-powered generation. In a paper out this week, the group confirms that it will provide financial support for greenfield coal power "only in rare circumstances." It continues:

Considerations such as meeting basic energy needs in countries with no feasible alternatives to coal and a lack of financing for coal power would define such rare cases.

At the same time, the bank will support interventions aimed at reducing the greenhouse gas emissions associated with coal plants, saying that:

Efficiency improvements at existing plants are among the most cost-effective means of reducing local and global environmental impacts of coal.

The topic of emissions in developing nations is a tricky one. On the one hand, many such countries see clean power as an unaffordable luxury, and resent the fact that the global north was able to develop using polluting industry and only then develop an environmental conscience. On the other, even though developed nations contribute a disproportionate chunk of global emissions, their per capita contributions are declining (or rather, increasing at a slower rate) and developing nations' just keep on climbing.

Against that background, an obvious first step is for international development programmes to stop actively helping developing nations develop polluting technologies instead of renewable ones. And when the World Bank makes a decision to change its focus, there's some heft to it: the group financed over $50bn worth of infrastructure projects last year.

That said, in practice, the change might not mean much. The Washington Post's Brad Plumer points out that it's already three years since the Bank's last big funding of a coal project, when it loaned $3bn to South Africa to build a plant near Johannesburg.

But the new president of the Bank, Jim Yong Kim, warns that there'll be at least one difficult choice quite soon. Plumer writes:

The one major test of the new policy will come in Kosovo,which wants to build a new 600-megawatt plant fired by lignite coal, a particularly carbon-intensive fuel. The bank needs to decide whether to offer loan guarantees, and Kim has signaled before that Kosovo may be an exception to the coal ban. “Climate change and the coal issue is one thing,” hesaid in April, “but the humanitarian issue is another, and we cannot turn our backs on the people of Kosovo who face freezing to death if we don’t move in.”

The move follows the Obama administration's plan to do the same thing. In June, the president said that he was "calling for an end to public financing for new coal plants overseas unless they deploy carbon-capture technologies, or there’s no other viable way for the poorest countries to generate electricity", which mainly affected the US Export-Import Bank, an institution which loans money to foreign nations looking to buy infrastructure from American companies.

All said and done, though, the fact that the biggest recent shifts against fossil-fuel generation are limits on foreign contribution is telling. When countries start changing their own behaviour – rather than just attempting to change other's – is when we'll know they are really serious about cutting emissions. And they need to be really serious really soon, because time is running out.

The World Bank. Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Theresa May’s stage-managed election campaign keeps the public at bay

Jeremy Corbyn’s approach may be chaotic, but at least it’s more authentic.

The worst part about running an election campaign for a politician? Having to meet the general public. Those ordinary folk can be a tricky lot, with their lack of regard for being on-message, and their pesky real-life concerns.

But it looks like Theresa May has decided to avoid this inconvenience altogether during this snap general election campaign, as it turns out her visit to Leeds last night was so stage-managed that she barely had to face the public.

Accusations have been whizzing around online that at a campaign event at the Shine building in Leeds, the Prime Minister spoke to a room full of guests invited by the party, rather than local people or people who work in the building’s office space.

The Telegraph’s Chris Hope tweeted a picture of the room in which May was addressing her audience yesterday evening a little before 7pm. He pointed out that, being in Leeds, she was in “Labour territory”:

But a few locals who spied this picture online claimed that the audience did not look like who you’d expect to see congregated at Shine – a grade II-listed Victorian school that has been renovated into a community project housing office space and meeting rooms.

“Ask why she didn’t meet any of the people at the business who work in that beautiful building. Everyone there was an invite-only Tory,” tweeted Rik Kendell, a Leeds-based developer and designer who says he works in the Shine building. “She didn’t arrive until we’d all left for the day. Everyone in the building past 6pm was invite-only . . . They seemed to seek out the most clinical corner for their PR photos. Such a beautiful building to work in.”

Other tweeters also found the snapshot jarring:

Shine’s founders have pointed out that they didn’t host or invite Theresa May – rather the party hired out the space for a private event: “All visitors pay for meeting space in Shine and we do not seek out, bid for, or otherwise host any political parties,” wrote managing director Dawn O'Keefe. The guestlist was not down to Shine, but to the Tory party.

The audience consisted of journalists and around 150 Tory activists, according to the Guardian. This was instead of employees from the 16 offices housed in the building. I have asked the Conservative Party for clarification of who was in the audience and whether it was invite-only and am awaiting its response.

Jeremy Corbyn accused May of “hiding from the public”, and local Labour MP Richard Burgon commented that, “like a medieval monarch, she simply briefly relocated her travelling court of admirers to town and then moved on without so much as a nod to the people she considers to be her lowly subjects”.

But it doesn’t look like the Tories’ painstaking stage-management is a fool-proof plan. Having uniform audiences of the party faithful on the campaign trail seems to be confusing the Prime Minister somewhat. During a visit to a (rather sparsely populated) factory in Clay Cross, Derbyshire, yesterday, she appeared to forget where exactly on the campaign trail she was:

The management of Corbyn’s campaign has also resulted in gaffes – but for opposite reasons. A slightly more chaotic approach has led to him facing the wrong way, with his back to the cameras.

Corbyn’s blunder is born out of his instinct to address the crowd rather than the cameras – May’s problem is the other way round. Both, however, seem far more comfortable talking to the party faithful, even if they are venturing out of safe seat territory.

Anoosh Chakelian is senior writer at the New Statesman.

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