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World Bank Funds Solar In Middle East

From the Agence France-Pressee:

World Bank funds solar projects

December 10, 2009

The World Bank announced on Wednesday $5.5 billion would be invested in solar energy projects in five countries of the Middle East and North Africa in a bid to combat climate change.

The Washington-based bank’s Clean Technology Fund approved financing of $750 million on December 2 to boost the use of concentrated solar power, an advanced technology that concentrates sunlight to harness energy.

The fund’s financing "will mobilise an additional 4.85 billion dollars from other sources, to accelerate global deployment of Concentrated Solar Power (CSP)," the development lender said in a statement.

The Clean Technology fund will invest in the CSP programs of five countries in the Middle East and North Africa: Algeria, Egypt, Jordan, Morocco and Tunisia.

"The proposed gigawatt-scale deployment through 11 commercial-scale power plants over a three- to five-year time-frame would provide the critical mass of investments necessary to attract significant private sector interest, benefit from economies of scale to reduce cost, result in learning in diverse operating conditions, and manage risk," the 186-nation bank said.

The Clean Technology Fund, a multi-donor trust fund to facilitate deployment of low-carbon technologies "at scale," approved an investment plan that will produce "about one gigawatt" of CSP generation capacity, amounting to a tripling of worldwide CSP capacity, the World Bank said.

The reparations to the Third World in the name of ‘climate change’ are already underway even before Copenhagen is completed.

Obviously the taxpayers in the US and other Western countries need to help those poor folks in the Middle East. It’s not like they have any other alternative energy resource.

Still, you would think that some of their more wealthy Muslim neighbors might lend a hand and a few shekels.

Speaking of which, one has to wonder why isn’t Iran tapping into the wonderful possibilities of solar power? Don’t they get enough sunshine, or are they just Luddites?

By the way, isn’t it funny there was concern just the other day that the World Bank would be in charge of some of the Climate Change baksheesh rather than the UN?

Even if the suspicions were true, there is no need to worry.

There’s not a billion dime’s worth of difference between the World Bank and the UN.

They both adamantly believe in ‘social climate justice,’ which entails redistributing our wealth to the third world – and of course themselves.

This article was posted by Steve on Thursday, December 10th, 2009. Comments are currently closed.

3 Responses to “World Bank Funds Solar In Middle East”

  1. proreason says:

    Maybe there’s a ray of light here somewhere (get it, heh heh, “ray of light”. There’s no end to it, is there?)

    Maybe the new Climate Change Religion will supplant the Religion of Peace.

    If it did, we could be beheaded for a better cause than some 1200 year old pervert’s musings.

  2. beautyofreason says:

    I love the whole logic in throwing away these funds.

    The U.S. government is an arrogant force responsible for destroying the planet because we have a high standard of living through industrial ingenuity – and global warming is somehow making the third world miserable – not war, not bad governments, not poor crop rotation – but the US (implied, but never stated). Despite the fact that we use our own land to produce a glut of food and it works fine.

    So the American government (not China, not India: read: America) should take a portion of the salaries stolen from working Americans and use them to finance social projects in Islamic and North African countries that frankly aren’t going anywhere morally, socially, technologically. Countries that don’t like the U.S. or the concept of “the West” anyway.

    Did I mention a third of Jordanians support suicide bombing? I guess it doesn’t matter – we’re doing ourselves in well enough.

    Again, the perils of using idealism to dictate foreign policy.

    In the crudest terms, it means “blame whitey” and “get free stuff from working America because the U.S. must apologize for its existence and interference with the world.”

    Forget environmentalists acting on their own accord to fund these projects. Forget using capitalism to manage power use and infrastructure. And forget private charities. All of these things must be funded, by force, from the sane people of the world. And not for something like alleviating starvation or disease – but for freaking solar power.

  3. MinnesotaRush says:

    Well .. pretty damned suddenly Copenhagen’ll be done and watch the dough being flung around for this crap! (wink, wink)

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