Tag Archives: World Bank

World Bank puts up €68m to avert post-Kyoto carbon market crash

Posted on January 14, 2011 by

(January 14, 2011) Fund will buy offsets from projects in developing nations after first phase of Kyoto expires in 2012. Continue reading →

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World Bank ups funding for post-2012 credits

Posted on January 13, 2011 by

(January 13, 2011) The World Bank has announced new funding for carbon credits to be generated after 2012. A second tranche of the bank’s Umbrella Carbon Facility “is now operational with initial funding of €68 million ($89 million),” the World Bank said in a statement on Wednesday. Continue reading →

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New Funding For Post-2012 Carbon Credits

Posted on January 12, 2011 by

(January 12, 2011) Green investments in wind, waste management, lighting and transport projects across the developing world are set to benefit from new funding for carbon credits generated post-2012. Continue reading →

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Lugar Urges International Development Banks to Step Up Corruption Cases

Posted on December 17, 2010 by

(December 17, 2010) U.S. Sen. Dick Lugar announced today that criminal prosecution of firms and individuals caught defrauding the World Bank and the other multilateral development banks is an important deterrent, but use of this tool varies widely among the banks. Continue reading →

Posted in Africa, Foreign Aid, Multilateral Development Banks (Foreign Aid), Odious Debts | Tagged , , , , , , | Leave a comment

World Bank dam in Laos an environmental and social disaster, as expected

Posted on December 15, 2010 by

(December 15, 2010) Critics of the Nam Theun 2 dam in Laos say it’s a perfect example of why the World Bank should stop its support of large dams, writes Brady Yauch. Continue reading →

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For their own good

Posted on September 17, 2010 by

(September 17, 2010) World Bank projects move millions from their homelands…whether they like it or not Continue reading →

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Ethiopia’s Tekeze Dam fiasco

Posted on November 28, 2009 by

(November 28, 2009) The recently completed Tekeze hydroelectric dam in Ethiopia is said to be the largest public works project in Africa. It also could turn in to the biggest blunder with disastrous environmental impact, as the investigative report below tries to illustrate. There is so much secrecy surrounding the project that it is not even clear who really paid for it, although the ruling Woyanne junta claims that it has provided all the funding. Continue reading →

Posted in By Probe International, Dams and Landslides | Tagged , , | 2 Comments

Ethiopia’s Tekeze dam limps into operation

Posted on November 23, 2009 by

(November 23, 2009) The vastly over-budget and long-delayed Tekeze hydro-electric in Ethiopia is finally finished. The project, which was first proposed seven years ago and was scheduled to be competed in 2008, in the end cost $360-million—$136-million over budget. Continue reading →

Posted in By Probe International, Dams and Landslides, Three Gorges Probe | Tagged , , , | 5 Comments