From the Guardian - Jim Yong Kim says slowing down growth in coal-fired power stations is essential in order to reduce emissions
"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.
The World Bank president said achieving the climate change target required action in five areas. In addition to slowing down growth in coal-fired power stations, Kim said climate ambition needed to be baked into development plans for every developing country. It was important that the $90bn (£72bn) of planned infrastructure spending over the next 15 years was for low-CO2 and climate-resilient investment."
The full article can be read here.