India's New Ultra-Mega Coal Plant....

The plant will emit 23 million tons of CO2 annually!

The troubling tension between propelling prosperity and limiting climate risks in a world still wedded to fossil fuels is on full display this week. India’s Tata Power group just gained important financial backing from the International Finance Corporation, a branch of the World Bank, for its planned $4 billion, 4-billion watt “Ultra Mega” coal-burning power plant complex in Gujarat state.

The I.F.C., along with the Asian Development Bank, Korea, and other backers, sees the need to bring electricity to one of the world’s poorest regions as more pressing than limiting carbon dioxide from fuel burning. The plants will emit about 23 million tons of carbon dioxide a year, according to the I.F.C., but using technology that is 40 percent more efficient at turning coal into kilowatt-hours than the average for India.