If we don’t stop building coal-fired power plants, the planet will blow through the Paris agreed CO2 targets. That will not end
well. Smart infrastructure development is critical.
Slowing down
construction of coal-fired power stations will be vital to hit globally agreed
climate change goals, the World Bank president, Jim Yong Kim, said as he
outlined a five-point plan to flesh out last year’s Paris agreement to reduce
CO2 emissions.
Speaking at a climate
ministerial meeting in Washington during the bank’s annual meeting, he said
there was no prospect of keeping global warming at or below 2C (3.6F) if
current plans for coal-fired stations, especially those earmarked for Asia,
were built. “Many countries want to move in the right direction. We can and
should all help to find renewable energy and energy efficiency solutions that
allow them to phase out coal,” Kim said.
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