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Katie Tubb is a policy analyst for the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation. Read her research.
Nicolas Loris, an economist, focuses on energy, environmental and regulatory issues as the Herbert and Joyce Morgan fellow at The Heritage Foundation. Read his research.
World - Bank - Ban - Coal - Absolute
Consider the World Bank’s allegedly nuanced ban on coal absolute now.
World Bank President Jim Yong Kim stated last week the organization has “made a very firm decision” to not extend partial risk guarantees for the construction of a new 500-megawatt coal power plant in Kosovo. This new coal plant is to replace the older of Kosovo’s two coal plants, considered by the World Bank to be Europe’s “worst single-point source of pollution.”
World - Bank - Policy - Coal - Power
The World Bank’s stated policy is to help finance coal power projects “only in rare circumstances … such as meeting basic energy needs in countries with no feasible alternatives to coal and a lack of financing for coal power.”
If Kosovo doesn’t meet that criteria, it’s hard to imagine what would.
Half-century - Cold - War - Communism - War
After a half-century under Cold War communism followed by civil war, Kosovo is slowly moving away from a centrally planned economy to free markets. Still, 10 percent of Kosovo’s gross domestic product comes from international aid, and it remains one of Europe’s poorest countries with unemployment at 30 percent.
A 2013 survey by the World Bank and the International Finance Group found that electricity was identified as a “main obstacle” in running a business. Imagine trying to run a grocery store or factory where extended and routine power outages could mean spoiled food or ruined machinery.
Energy - Growth - Opportunity - People - Health
Affordable, reliable energy is essential to unlock economic growth and opportunity for people and for improving environmental health. Accordingly, coal is being used to supply 39 percent of the...
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