Foreclosing the future: coal, climate and public international finance

The World Bank and other international public financial institutions are continuing a 15-year trend of supporting coal-fired power plant construction throughout the developing
world and economies in transition. By financing this new carbon-intensive infrastructure, multilateral development banks (MDBs) and export credit agencies (ECAs) of the industrialized world are hamstringing the fight against global warming, and setting
back longer term efforts to alleviate poverty in the world