Public Opposition Of The New Kosovo Power Plant

1683 WordsJan 7, 20167 Pages
RISK FACTOR NO. 10: Public opposition to the plant in Kosovo presents a material risk. Public objections have been raised to four specific impacts of the New Kosovo Power Plant. First, the forced displacement of Kosovo residents and the potential violation of World Bank development standards remains an ongoing and major public controversy. Second, residents have raised questions of air quality deterioration in Kosovo that would be caused by burning lignite with outmoded technology. Third, Kosovo’s reliance upon coal-fired generation for 95 percent of its annual power generation brings criticism for the levels of greenhouse gas emissions it creates. Fourth, recent opposition to electricity price increases under the existing system demonstrates the difficult pressure that any new project will face that raises prices substantially. The issues raised individually and cumulatively represent a material risk to the successful implementation of NKPP. Public opposition to coal plants and other fossil fuel projects in many places in the world have combined with weak project finance economics to cancel proposals. VI. The Importance of the Role of the World Bank in Development of the New Kosovo Power Plant A. The World Bank’s Position on Coal, Climate and Poverty The World Bank, with support from the U.S. Treasury, adopted a policy in 2013 in which the bank stated its opposition to coal-fired generation: The World Bank Group will cease providing financial support for greenfield

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