Sustainable Energy and Economy Network

Just as poor management of the local water utility hurt everyone in Bar Harbor, everyone on the planet will be affected by the way our leaders respond to climate change. Thus, everyone has the right and responsibility to be represented at the table.

Nueve años después, el Banco administraba una cartera de inversiones del carbono rápidamente expansible, “que enriquece a la industria sucia y poco hace por ayudar a los 1.600 millones de personas que viven en la pobreza”, explica la codirectora de la Red de Energía y Economía sostenible del Institute for Policy Studies (IPS) Janet Redman.

Nine years later, the Bank is brokering a rapidly expanding carbon trading portfolio, "that enriches dirty industry and does little to help the1.6 billion people living in energy poverty."

"'In its actions, the World Bank has deviated from its rhetoric,' said Janet Redman, co-director of the Sustainable Energy and Economy Network at the Institute for Policy Studies in Washington. 'It has not done clean energy when it could. It has not prioritized clean energy sources over traditional fossil -fuel sources. And it is constantly stalling on one very important policy: calculating the greenhouse-gas emissions produced by its own projects.'"

"It is gut-wrenching and kind of sickening that Palau has been put in this position by those who have developed on the backs of the country's future," said Janet Redman, a sustainable energy researcher with the Institute for Policy Studies, a Washington D.C.-based think tank. "We are contributing to the process of an entire country disappearing."