US Govt May Back 9 GW of Coal Power Plants in India & South Africa, When It Should Support Renewables

photo: Duncan Harris via flickr Despite a Congressional mandate directing the Export-Import Bank of the United States to use 10% of its 2009-2010 financing towards renewable energy project, according to a US Government Accountability Office report the Bank will fall “well short of the 10% Congressional target”–as in only spending 2% on renewables. In fact right now in may back nearly 9 gigawatts of humungous coal-fired power plants in India and South Africa…. Read the full story on TreeHugger

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US Govt May Back 9 GW of Coal Power Plants in India & South Africa, When It Should Support Renewables

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