Green graft
Dec 6, 2012
Bishop Hill in Climate: WG3, Energy: solar, Energy: wind

The Telegraph - Louise Gray of all people - reports that money earmarked for climate change adaptation is being channelled to big corporate entities to subsidise windfarm manufacture:

[T]he World Development Movement said the money is going to large companies rather than helping poor people likely to suffer from climate change.

A recent example was £385m, channeled through a World Bank project to promote clean energy in poor countries.

WDM say that most of the money went to private companies to build wind turbines or solar panels for profit.

Some £10m ended up going towards a 27-turbine farm in the state of Oaxaca in Mexico, operated by the French energy giant EDF, to be paid back in 15 years.

Read the whole thing.

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