An impending shortfall in available resources for the Clean Technology Fund continues to concern, leading to cancellation of projects. Questions were raised about development impacts and reliance on geothermal energy in India and Indonesia's revised investment plans, and on debt sustainability in a Caribbean project.
Concerns have been raised about a projected shortfall of resources for the Clean Technology Fund, with an early warning mechanism due to be discussed. Questions were raised about development benefits of a Colombia project and on safeguards for a Vietnam project.
Updates on the Clean Technology Fund (CTF) from CIFs Monitor 9
Chapter of CIFs Monitor 8 on the Clean Technology Fund (CTF)
The World Bank launched a new energy directions paper in July but continues to focus funding on fossil fuels such as natural gas
Summary of environmental health problems and human rights violations related to the Karachaganak oil and gas condensate field
The International Financial Corporation is still out of compliance more than 6 months after findings by the Office of Compliance, Advisor/Ombudsman (CAO) found it to have disregarded its own regulation of toxic chemical emissions at Karachaganak Oil and Condensation Field in Western Kazakhstan.
In 2003 the World Bank approved a $40 million loan for the Nura river clean-up project in central Kazakhstan, however without the World Bank’s respect for basic public participation and environmental impact assessment standards, the project is at risk of causing unexpected and badly mitigated effects.