Poor countries will soon receive billions of dollars from a new World Bank
fund to help them cut pollution, save energy and fight global warming, the
international organization said.
Developing countries such as India and China are already trying to reduce their
carbon emissions, mainly to save on energy, but have baulked at doing more
without technological help from Europe, Japan and the United States.
Most carbon dioxide heating the planet now is a result of western
industrialization, and developing countries want financial help to cut their own
"The fund will support publicly and privately financed projects that deploy
technologies that can cut emissions, increase efficiency and save energy in
developing countries," the U.S., British and Japanese finance ministers said in
the Financial Times on Friday.
The World Bank clean technology fund would receive some of the $2 ...