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The World Bank has approved a controversial loan for a 4,800-MW coal-fired power plant in South Africa that will emit more CO2 than 135 of 212 countries

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The World Bank is spending billions of pounds subsidising new coal-fired power stations in developing countries despite claiming that burning fossil fuels exposes the poor to catastrophic climate change. The bank, which has a goal of reducing poverty and is funded by Britain and other developed countries, calls on all nations in a report today to “act differently on climate change”.

It says that the world must reduce its dependence on fossil fuels, but it is funding several giant coal-burning plants that will each emit millions of tonnes of carbon dioxide a year for the next 40 to 50 years.

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Intense rainfall and rising sea levels will increase costs for infrastructure projects such as roads and flood defenses in developing countries, a new World Bank study predicts.

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Just two weeks after the Greenpeace exposé 'Slaughtering the Amazon' showed how the Brazilian cattle industry is decimating the Amazon rainforest, we are seeing a stampede as companies and the World Bank start to sever their links with the slaughterhouses and farms involved

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A recent report from the World Bank assessing the threat of sea level rise to poor nations ranked Vietnam as the most vulnerable country. One meter of sea level rise could potentially displace 8.6 million people, about 10.8 percent of the population, who live along the coast and in low-lying areas.

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Biofuels have forced global food prices up by 75% - far more than previously estimated - according to a confidential World Bank report obtained by the Guardian.

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