World Bank branch indirectly backs coal megaproject despite green pledge. #WarOnOurFuture
International Finance Corporation piloted its green equity policy with an Indonesian bank, which went on to fund a coal complex with emissions the size of Spain.
World Bank branch indirectly backs coal megaproject despite green pledge International Finance Corporation piloted its green equity with an Indonesian bank, which went on to fund a coal complex with emissions the size of Spain
Two enormous coal-fired power projects, Java 9 & 10, are being built in #Indonesia, with massive funding from the International Finance Corporation (IFC), the private lending arm of the World Bank Group.
Embarrassing for World Bank private lending arm , they didn't seem to know the bank that piloted their new green policy went on to back a massive coal plant in Indonesia