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View Diary: Larry Summers to bring a foul smell to World Bank? (34 comments)

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  •  A Siegel - help me understand (1+ / 0-)
    Recommended by:
    Lujane

    Does the World Bank have, as a stated goal, that it only funds projects that meet strict environmental standards or clean energy development?

    "let's talk about that"

    by VClib on Fri Jan 20, 2012 at 04:03:33 PM PST

    •  The World Bank actually does have (1+ / 0-)
      Recommended by:
      Lujane

      a number of initiatives that are geared towards promoting environmentalism and local sustainability around the globe.

      •  inclusive heart - that's understandable (1+ / 0-)
        Recommended by:
        Lujane

        but my question was more specific. The author suggests that the World Bank should only support green energy projects, or those meeting very high environmental standards. I am just curious if those are the World Banks stated restrictions or the author's opinion regarding what the World Bank should fund?

        "let's talk about that"

        by VClib on Fri Jan 20, 2012 at 05:01:46 PM PST

        [ Parent ]

        •  From (3+ / 0-)
          Recommended by:
          VClib, Lujane, koNko

          The World Bank

          Bank Group support for the environment has grown during the past 15 years and performance has improved. At the same time, environmental challenges have increased, and problems in the critical areas of pollution, congestion, loss of species, and climate change have worsened.

          In view of the public goods nature of these concerns, the Bank Group has a special role to play with respect to environmental issues—and has indeed been a leader in the analysis and advocacy that helps countries focus on these challenges. It is also the largest multilateral source of environment-related financing. But far greater progress is needed. These concerns must be given increased operational priority, as should how the Bank, IFC, and MIGA work together, in recognition that long-term economic growth, poverty reduction, and environmental sustainability are interlinked.


          E.g., the World Bank itself states that it is not aggressive enough in meeting sustainability standards.

          Blogging regularly at Get Energy Smart NOW! for a sustainable energy future.

          by A Siegel on Fri Jan 20, 2012 at 07:16:13 PM PST

          [ Parent ]

        •  By the way .. (1+ / 0-)
          Recommended by:
          Lujane

          suggests ... why I state: "The World Bank should stop funding high-polluting projects that help foster greater risks for human civilization. The World Bank should focus its investments on projects that promote prosperity and sustainability, not sacrifice one for a false pursuit of the other."

          Blogging regularly at Get Energy Smart NOW! for a sustainable energy future.

          by A Siegel on Fri Jan 20, 2012 at 07:23:58 PM PST

          [ Parent ]

    •  I think Obama is the issue here (1+ / 0-)
      Recommended by:
      DawnN

      Regardless of the World Bank's stated goals, it is valid to ask whether Obama's choice matches his rhetoric.

      •  George - understood (0+ / 0-)

        that people are questioning the President's judgement about Summers as an appropriate candidate, but I am asking a completely different question.

        "let's talk about that"

        by VClib on Fri Jan 20, 2012 at 06:12:00 PM PST

        [ Parent ]

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