Europe and the United States now accept onshore wind power as the cheapest way to generate electricity. But this novel technology still needs subsidising before some developing countries will embrace it. Enter the World Bank. A total of US$80 billion in subsidies from the Bank has gone over 25 years to 565 developing world onshore wind projects, to persuade governments to invest in renewables rather than rely on fossil fuels.
Climate News Network 1st Dec 2020 read more »