Sunday, December 05, 2010

No to World Bank and ADB role in climate finance

Yesterday( 3rd December 2010) over hunderd people coming from various parts of the world took part in a mobilization in Cancun city, Mexico against giving any role to the World Bank in climate financing. They demand that World Bank, Asian Development Bank and other regional banks should not handle climate finance due to the undemocratic governance structure of these banks and their contribution to the climate crisis by financing fossil fuel based power plants. Civil society demands that future climate finance should be deliverd under a fund managed by the UNFCCC.

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