World Bank Statement on Gas Projects
World Bank President Ajay Banga announced that they will continue to support certain gas projects in developing countries, amid pressure from the US and criticism from climate activists.
Speaking at the annual meeting in Bangkok, World Bank President Ajay Banga stated that they will continue to support gas projects where deemed appropriate, alongside renewable energy, nuclear, and hydroelectric resources.
Statements at the Annual Meeting
In his speech at the bank's annual meeting, World Bank President Ajay Banga stated that developing countries need reliable and affordable baseload power.
Energy Policy and Diversity
It was emphasized that the bank's approach will be based on a balanced mix consisting of renewable energy, hydroelectricity, gas where appropriate, nuclear when it makes sense, transmission, grids, and storage.