Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-273-000"
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"en.20110217.18.4-273-000"2
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"−
I am voting for this motion for a resolution, the main objective of which is to reconcile the World Bank’s investments relating to energy with the development goals. I agree that energy strategy should tackle and facilitate the transition to environmentally sustainable energy development, and that the World Bank should adopt an approach to private sector development that provides the greatest benefit to the poor whilst simultaneously combating climate change. I find it regrettable that lending for fossil fuels continues to play a dominant role, despite the strategic objective being gradually to abolish financing for this type of project. I also note with concern that there is still little oversight of the majority of multilateral financing that is awarded through financial intermediaries: these should be pursuing clear development objectives. I call on the World Bank to reorient its current strategy from a large-scale, export-oriented energy model to small-scale, decentralised energy projects that respond more clearly to basic needs in rural areas. Finally, I would express my total agreement with the need for the World Bank clearly to identify and publicly disclose the development benefits before financing is committed."@en1
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