In a major reversal, the world bank is backing mega dams (2024)
Despite continued opposition, the World Bank has approved the first of five big dam projects expected to get its support in the coming months. Climate change has upped the need for renewable energy, but the environmental and social costs of building such massive projects remain. After a decade of declining to finance large hydroelectric dams, the World Bank is getting back into the business in a big way. Throughout the last half of the 20th century, the bank was the world’s leading supporter of