Bloomberg: The World Bank’s support for projects that reduce carbon-dioxide emissions in developing countries encourages polluting industries and fails to promote renewable energy, the Institute for Policy Studies said. The manager of $2.1 billion in 10 carbon funds has invested most in ventures that remove climate-warming gases during industrial processes at coal, chemical, iron and steel companies, said Janet Redman, author of today’s report. That created an “incentive” to maintain the …