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At World Bank, Climate Change Isn't Part of The Equation WASHINGTON -- At the World Bank -- heavily influenced by its largest shareholder, the United States -- the effect of projects on climate change is not even calculated. Bank environment officials pressed to account for emissions in the mid- to late-'90s and again in an unpublished paper in 2002, and only now, five years later, are attempting again. "Our biggest obstacle has been that politically, [climate change] is very controversial," said Kristalina Georgieva, the bank's strategy and operations director for sustainable development.

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At World Bank, Climate Change Isn't Part of The Equation

WASHINGTON -- At the World Bank -- heavily influenced by its largest shareholder, the United States -- the effect of projects on climate change is not even calculated.

Bank environment officials pressed to account for emissions in the mid- to late-'90s and again in an unpublished paper in 2002, and only now, five years later, are attempting again.

"Our biggest obstacle has been that politically, [climate change] is very controversial," said Kristalina Georgieva, the bank's strategy and operations director for sustainable development.