The World Bank’s mission has been subverted by green ideologues who assert that a low-carbon world benefits the world’s poor but fail to acknowledge that making energy much more costly increases poverty. The World Bank tags itself as ‘working for a world free of poverty’ … In making its choice between development and sustainability, the World Bank has decided it is going to try and ‘save the planet’ on the backs of the poor.

By abdicating its founding principles for alleviating global poverty, the World Bank has taken a lead role among multilateral financial institutions in denying vast financial resources to poorer countries. It has hypocritically vetoed the right of developing countries to adopt the path of economic growth and environmental improvement that the now-rich countries had taken up successfully since the Industrial Revolution two centuries ago. The World Bank’s obsessive support for intermittent, low-yield renewable energy such as solar and wind power comes at the cost of its central charter to help the poor, an outcome that can only be described as egregiously unjust.