Zoellick Fossil-Fuel Campaign Belied by World Bank's Tata Loan (Bloomberg)

Bloomberg quotes CGD senior fellows Vijaya Ramachandran and David Wheeler on coal power plants financed by the World Bank's clean technology fund.

From the article:

"'The World Bank has become very dependent on fossil fuel loans in order to maintain its own financial strength,' says Vijaya Ramachandran, senior fellow at the Center for Global Development. The center, a Washington research group, ranks the world's top greenhouse-gas emitters and figures that the Tata plant will be No. 42....

'This shouldn't be happening on his watch,' says David Wheeler, chief economist of the World Bank's development research group from 1993 to 2006."

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This article was also published in the International Herald Tribune.