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African Development Bank Defends Lending for Coal Power

The African Development Bank’s president is defending his decision to continue financing power plants that use coal, despite pressure from environmental groups and United Nations officials to shift more funds toward cleaner energy.

Donald Kaberuka, who is due to step down in May as head of the lender, said the region doesn’t “have the luxury” of ruling out polluting fuels in favor of more costly renewables such as wind and solar.