Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-274-000"
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"en.20110217.18.4-274-000"2
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"I voted in favour of this motion for a resolution, because the energy strategy should specifically address how access to energy can help lift people out of poverty, while facilitating the shift to an environmentally sustainable energy development path. The World Bank should pursue an approach to private-sector development that delivers maximum benefit to the poor while tackling climate change. Environmental and social factors, at both national and regional levels, must be taken into account in a comprehensive cost-benefit analysis of energy options. It should be noted that fossil-fuel lending continues to play a dominant role in the World Bank’s overall energy portfolio, despite recent increases in lending for renewable and energy efficiency initiatives. Fossil-fuel investments are also taking place through financial intermediaries, and this is not being accounted for by the Bank in its annual energy sector figures. Also of concern is the fact that the Bank is continuing to make significant investment in coal-fired power plants, locking developing countries into coal-based energy for decades to come."@en1
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