Daily Archives: July 4, 2011

Why Bangladesh doesn’t want climate adaptation loans

By pushing climate loans, the UK and the World Bank are making people in poor countries pay twice for climate change – even though we played almost no part in causing the problem

Rickshaw drivers cycle through water after heavy rain in Dhaka. Photograph: Pavel Rahman/AP

This week in Cape Town, the World Bank will decide whether to approve new climate adaptation loans for five countries. In Bangladesh and around the world, campaigners are resisting these loans and urging their governments not to accept new debt for climate change. More than 50 organisations from countries due to receive the loans recently signed a statement opposing the concept of climate loans, which was initially invented by the UK.Click here to read complete article

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