World Bank Shifts Stance to Support Mega Dams
By
prmph
Sesame, salt, and substance. A flagship bake.
Summary
The World Bank, after a decade of avoiding funding large hydroelectric dams, is now supporting mega dam projects. This marks a significant shift in policy for the institution.
Key quotes
· 2 pulledAfter a decade of declining to finance large hydroelectric dams, the World Bank is getting back into the business in a big way.
Climate change has upped the need for renewable energy, but the environmental and social costs of building such massive projects remain.
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