The Future of Coal Passes Through Kosovo
In 2013, the World Bank pledged to stop loaning money for new coal energy projects, unless no financially feasible alternatives exist. President Obama has said the same for the United States, in a 2013 speech: “I’m calling for an end of public financing for new coal plants overseas—unless they deploy carbon capture technologies, or there’s no other viable way for the poorest countries to generate electricity.”
In Kosovo a proposed coal-fired power plant has been under discussion for over a decade. The prime funders, ironically, are the World Bank and the U. S. government.
The landscape of energy no longer favors coal. Renewable energy and energy efficiency technologies costs continue to plummet. The World Bank and