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World Bank to continue alternative energy financing efforts

Reuters  |  WASHINGTON 

(Reuters) - World Group President Jim Yong Kim said on Thursday that the multilateral lender does not plan to change its stance on financing alternative energy projects and mitigating the effects of change.

Asked about the Trump administration's skepticism about change at a conference, Kim said the World would continue to work with governments and the private sector to boost financing for alternative energy, especially in China, India, Indonesia, the Philippines, Pakistan and Vietnam.

"The science of change didn't change with any particular election, and I don't see that it will," Kim said. "We have to be an evidence-based organization."

(Reporting by David Lawder; Editing by Paul Simao)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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World Bank to continue alternative energy financing efforts

WASHINGTON (Reuters) - World Bank Group President Jim Yong Kim said on Thursday that the multilateral lender does not plan to change its stance on financing alternative energy projects and mitigating the effects of climate change.

(Reuters) - World Group President Jim Yong Kim said on Thursday that the multilateral lender does not plan to change its stance on financing alternative energy projects and mitigating the effects of change.

Asked about the Trump administration's skepticism about change at a conference, Kim said the World would continue to work with governments and the private sector to boost financing for alternative energy, especially in China, India, Indonesia, the Philippines, Pakistan and Vietnam.

"The science of change didn't change with any particular election, and I don't see that it will," Kim said. "We have to be an evidence-based organization."

(Reporting by David Lawder; Editing by Paul Simao)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

World Bank to continue alternative energy financing efforts

(Reuters) - World Group President Jim Yong Kim said on Thursday that the multilateral lender does not plan to change its stance on financing alternative energy projects and mitigating the effects of change.

Asked about the Trump administration's skepticism about change at a conference, Kim said the World would continue to work with governments and the private sector to boost financing for alternative energy, especially in China, India, Indonesia, the Philippines, Pakistan and Vietnam.

"The science of change didn't change with any particular election, and I don't see that it will," Kim said. "We have to be an evidence-based organization."

(Reporting by David Lawder; Editing by Paul Simao)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22