While environmentalists have not had the political power to restrict energy consumption and thus economic growth in rich nations, they have, for fifty years, had enough to restrict it in poorer and weaker ones. Today, the World Bank is diverting funding from cheap and reliable energy sources like hydroelectricity, fossil fuels, and nuclear, to expensive and unreliable ones like solar and wind. And in October 2019, the European Investment Bank announced it would halt all financing of fossil fuels in poor nations by 2021.
World banks make energy more expensive in poor countries.
