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Going green will starve poor countries of greenbacks

The hype of solar and wind powers denies poor African, Asian and Latin American countries economic opportunities, chance for higher standards of living.

According to BP's long-run outlook, fossil fuels (coal, oil and natural gas), which accounted for 85 per cent of total energy supply in 2016, will still contribute 74 per cent in 2040.

IN January this year, The Straits Times ran a story about how Singapore's three leading banks were financing coal power plant projects despite climate change risks. These banks provided over US$2 billion to fund 21 coal power projects since 2012, mainly in Indonesia and Vietnam.

Not long...

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