2013.07.17 00:17:56 World Bank vows to limit financing of coal-fired plants

• The World Bank's board on Tuesday agreed to a new energy strategy that will limit financing of coal-fired power plants to "rare circumstances," as the Washington-based global lending powerhouse seeks to address the impact of climate change.
• In its "Energy Sector Directions Paper," updated every 10 years, the Bank said it will aim to "minimize the financial and environmental costs of expanding reliable energy supply."
• The Bank will amend its lending policies for new coal-fired power projects, restricting financial support to countries that have "no feasible alternatives" to coal.