World Bank agrees to limit financing of coal-fired power

The World Bank has agreed to limit financing of coal-fired power plants to “rare circumstances” as part of a new energy strategy aimed at tackling climate change.

The Washington-based global development institution said in its "Energy Sector Directions Paper," updated every 10 years, that it will amend its lending policies for new coal-fired power projects, restricting financial support to countries that have "no feasible alternatives" to coal, as it seeks to balance environmental efforts with the energy needs of poor countries.

World Bank

The World Bank has over the years argued that funding coal-fired power plants is sometimes necessary to bring energy to the world's poorest nations and to help them eradicate poverty, so while a tougher stance has been adopted, there still appears to be wriggle room in order to facilitate countries with no alternative in terms of energy security and the combatting of poverty.

Analysts say coal is often the cheapest energy source in places like Kosovo, where the World Bank is mulling whether to support the country's plans for a coal-fired power plant.

In its latest paper, the World Bank also backed increased support for hydroelectric power, reversing its decision to abandon those projects in the 1990s under pressure from aid groups that warned they would displace people.

For more coal-fired power generation news

Follow Power Engineering International on Twitter




Editor's Picks

EU flag

Luxembourg government working on Hinkley Point C legal objection

As promised earlier this year, the Luxembourg government intends to file a lawsuit against the European Commission decisio...
David Cameron and Werner Faymann

Nuclear chief says Austrian legal action ‘damaging to efforts to address climate change’

The Austrian government has finally filed its legal challenge against the deal that facilitates subsidies for a nuclear po...
 Schleswig-Holstein Climate Minister Robert Habeck

Federal states applying pressure on Merkel government over subsidies to nuclear

States with green party representation in Germany are calling on the German government to take action against the prospect...
Mike Baston of Euracoal

Future global power generation mix – the coal-fired power perspective

In our inaugural PEi Google Hangout, Mike Bostan, Policy Officer at Euracoal tells Power Engineering International's Diarm...
Faymann

Austrian PM confirms lawsuit against Hinkley decision ready in weeks

Austrian Chancellor Werner Faymann has confirmed that his country will be registering its lawsuit against the European Com...
Latest Articles

German onshore wind growth slows

Germany has installed about one-third less onshore wind power capacity so far this year than during the same period in 2014, new analysis shows.

Philippe Knoche

Details emerge on Areva-EDF deal

Areva has agreed to sell a majority stake of its nuclear reactor business to EDF.

RWE

RWE acquires Slovakian firm

Germany’s second largest utility, RWE, has been cleared to take over Slovakian firm VSE.


Editorial Guides

Lubrication Challenges for the Biogas Industry in 2015

The biogas industry is growing in importance as the world continues to look for alternative, clean energy sources. However...

Maximising Power Plant Efficiency

The need for power plants to operate at maximum efficiency and flexibility while cutting emissions is greater than ever be...

How to cut your OPEX

How to cut your OPEX In a constantly evolving electricity market, factors such as over capacity and low coal costs can pu...

Buyers Guide Companies

ComRent International LLC

Offers rentals, sales, and services of load banks for testing generators...

Advanced Energy

Advanced Energy is a global leader in innovative power and control techn...

Fluid Energy Controls Inc

ACOEM AB

ACOEM is a supplier of Fixturlaser's innovative and user-friendly equipm...

CCI Thermal Technologies Inc

A leader in the development and manufacturing of industrial heating and ...

Buyers Guide Products

Bore Measurement

Typical applications are full bore measure...

Fixturlaser NXA Pro

This laser alignment system features many ...

Air Filtration

Braden filtration offers a wide range of f...

Exhaust Systems

Leader in Exhaust Bypass, Simple Cycle, Ex...

RETROFIT

Braden's retrofit strengths are divided in...

Power Engineering International

Whitepapers

Bridging the Power Gap in Africa: Testing options to manage constrained short to medium term system operations

Around the world, existing power systems face increasingly constrained operations in the short to medium term with available ageing generation capacity.  In this paper, PLEXOS® has been used t...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New challenges and opportunities are continually appearing thanks to dramatic developments in technology...

The bottom line: engine oil impact on engine reliability

A reliable and well-maintained gas-powered engine performs consistently and continuously, which can lead to a healthier bottom line for plant operators. There is a raised awareness around the need ...

Understanding Moisture Dynamics in Power Transformers

In this webinar recording "Moisture Dynamics in Power Transformers" (held originally in September 23, 2014) you will have a chance to learn about the phenomena and its importance to your ...

Latest Digital Edition

  Power
  Engineering
  International
Look Inside >
Cover
Current Issue

Article Archives for Power Engineering International Magazine