Square these two sentences:
- Earlier this week, the World Bank called for urgent action to stop catastrophic global warming.
- Over the last 6 years, the World Bank has financed $12 billion worth of fossil fuel projects – the sort of thing that stokes the planetary thermometer – according to renewables energy group Desertec Foundation.
Scratching your head?
So is Desertec, the Hamburg, Germany international outfit that wants to build solar power plants in the deserts of North Africa, the Middle East, China, the U.S., Australia and elsewhere to wean the world off of fossil fuels.
The group’s director, Thiemo Gropp, has issued an open proclamation under the headline, “$12 billion in World Bank funds would be better invested in desert power than in fossil fuels.”