World Bank should shift carbon focus off hydro – report

Posted by Carbon Finance: None Given on November 10th, 2010
Carbon Finance: The World Bank Group has been urged to curtail buying carbon credits from hydropower projects, shifting the emphasis of its carbon finance activities to areas where it can have more influence. A report by the Independent Evaluation Group (IEG) says: "Carbon finance needs to be redirected away from hydropower, where it has minimal impact on project bankability, to applications where it can have more leverage.' Post-2012 funds run by the bank, such as the Carbon Partnership Facility, should focus......

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