European Parliament Urges World Bank Out of Large Dams

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As civil society calls on the World Bank to phase-out or outright drop investments in fossil fuel-related energy, the Bank is postitioning itself to adopt an increasingly significant position as a major financier for climate mitigation, seeking to turn once more to investments in hydropower.  In considering the role of hydropower in its Energy Strategy, the Bank has a responsibility, and a unique opportunity, to incorporate rigorous standards for dams in both direct lending and development policy loans.

International Rivers is preparing its own recommendations to the World Bank regarding its Energy Strategy revision, and will post these soon.