U.S. Will Not Provide Financing For New International Coal-Fired Power Plants 329
Dorianny writes "The Treasury Department declared it would no longer support any new coal-fired power plants around the world. By leading a coalition of like-minded countries including several European ones that have already announced similar intentions, they will effectively be able to block the World Bank and other international development banks from providing financing for new coal-fired plants. The policy is unlikely to amount to any real change as 75 percent of proposed coal-powered plants are in China and India, which do not rely on outside financing. It seems to me that the poorest, most underdeveloped nations that contribute the least to global emissions are the ones getting the short end of the stick from this policy."
Re:Carbon is carbon (Score:3, Funny)
"No, poor countries should just use their vast wealth and educated populace to build solar panel factories," says my dumbass hippie brother.
Re:FTFY (Score:4, Funny)
Sure, because as we all know the only existing type of power plant is coal. There are no power plants running on oil or gas. There are no nuclear power plants. There's no hydropower. There's no wind or solar energy. There's no geothermal energy. There's absolutely nothing but coal.