Urge the World Bank to Stop Financing Coal

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Target: World Bank President Jim Yong Kim

Goal: Stop the World Bank from investing in dirty energy

The World Bank, an international financial institution that loans money to impoverished countries for infrastructure development, continues to invest in coal despite recognizing the problem of global climate change. Urge World Bank President Jim Yong Kim to stop financing dirty energy.

The World Bank is an influential organization committed to ending poverty. By continuing to invest in coal-fired power plants, the World Bank perpetuates the influence of dirty energy worldwide: for example, the bank supported a new coal power plant in Kosovo. Top United Nations climate change official Christiana Figueres recently said “the fact that the bank has a portfolio of investment in coal is understandable from a historical perspective. … it is no longer necessary to do that because we have many other technologies that can come forward.”

The World Bank has addressed the influence of climate change in the past, with President Jim Yong Kim stating that climate change is “one of the single biggest challenges facing development, and we need to assume the moral responsibility to take action on behalf of future generations, especially the poorest.” This statement does not reflect the World Bank’s actions in continuing to support enormous coal-fired power plants in developing nations.

There are alternatives to investing in coal-fired power plants. The World Bank should focus on cost-competitive clean energy investments, such as solar power, geothermal power and wind energy. Tell President Jim Yong Kim to stop supporting coal by signing the petition below.

PETITION LETTER:

Dear President Jim Yong Kim,

The World Bank must stop supporting dirty energy by financing huge coal-powered plants in developing nations. As you have observed, “climate change is one of the single biggest challenges facing development, and we need to assume the moral responsibility to take action on behalf of future generations, especially the poorest.” The best way to take moral responsibility for climate change is to use your position to stop supporting coal and to focus on clean energy investments instead.

Clean technology is becoming cost-competitive with coal. Top United Nations climate change official Christiana Figueres recently said “it is no longer necessary” for the World Bank to invest in coal, with so many renewable and sustainable alternatives available. Do your part to change the World Bank’s focus from dirty energy to cleaner energy investments, such as solar power, geothermal energy and wind energy.

Sincerely,

[Your Name Here]

Photo credit: Arnold Paul via Wikimedia Commons

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One Comment

  1. Vanessa Solis Vanessa Solis says:

    There is no need to keep investing in coal. The World Bank should focus on promoting renewable and sustainable energy.

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