Why is the World Bank backing coal power in Europe's youngest country?

(the-guardian-blog, 20 Jul 2016) The World Bank is poised to support a new coal plant that would modernise Kosovo’s creaking energy infrastructure, but also lock the young nation into a future powered by a regressive fossil fuel.

I n the early days of December 2015, as the Paris climate talks veered off course and off schedule , the US secretary of state John Kerry left his team of negotiators and flew to Kosovo to voice his support for a proposed US-built, World Bank-sponsored coal power station.

Speaking alongside the prime minister, Isa Mustafa, Kerry told reporters at Pristina airport that the Kosovo e re (New Kosovo) plant would help the tiny, impoverished country do “its part to contribute to this global effort of nations who are committed to dealing with climate change” by replacing an extremely high-polluting cold war-era power plant. Kerry then returned to Paris and helped land a deal intended to bring the fossil fuel era to an end.

While many countries, including the US, continue to build coal plants at home, the fuel is increasingly a pariah in the world of development finance. Both the US and the World Bank have limited international finance for new coal power to exceptional circumstances – so rare that Kosovo’s is the only coal plant being considered for World Bank support anywhere on Earth.

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the-guardian-blog, 20 Jul 2016: Why is the World Bank backing coal power in Europe's youngest country?