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World Bank Group Progress on Renewable Energy and Energy Efficiency : 19902004

By The World Bank

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Book Id: WPLBN0000198629
Format Type: PDF eBook
File Size: 0.8 MB
Reproduction Date: 2005

Title: World Bank Group Progress on Renewable Energy and Energy Efficiency : 19902004  
Author: The World Bank
Volume:
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Historic
Publication Date:
Publisher: The World Bank

Citation

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Bank, T. W. (n.d.). World Bank Group Progress on Renewable Energy and Energy Efficiency : 19902004. Retrieved from http://www.worldlibrary.net/


Description
Economics

Excerpt
This report describes the World Bank Group?s support for renewable energy and energy efficiency from 1990 to 2004. It examines trends in lending and other forms of financial commitments for renewable energy and energy efficiency in client countries, as well as associated analytical, advisory, and capacity building services that we have provided. It serves as a companion document to the Renewable Energy for Development brochure, which presents the broader context of the World Bank Group?s work in this area.1 The World Bank Group?s support for renewable energy and energy efficiency during the last 15 years reflects a growing appreciation among both staff and client countries of the essential role of clean, modern, and efficient energy for development. As we know, access to modern energy is synonymous with a better standard of living. Cost-effective and reliable energy helps alleviate poverty and enables economic development. No country in modern times has substantially reduced poverty without an increase in its use of energy. However, it is also true that many countries have experienced environmental degradation caused by pollutants resulting from energy production and use. Renewable energy and energy efficiency can help solve this dilemma by helping countries to meet development needs in a sustainable manner. This report discusses the contributions made by World Bank Group institutions?the World Bank (International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA)), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). It also discusses renewable energy and energy efficiency projects implemented by the World Bank Group with cofinancing from the Global Environment Facility (GEF). The performance of our Carbon Finance units at the World Bank and IFC is reported as well. This report provides the reader with a more complete picture of the efforts we have made over the past years in supporting renewable energy and energy efficiency. At the Bonn International Conference on Renewable Energies in June 2004, the World Bank Group committed to reporting its annual performance in supporting renewable energy and energy efficiency. This report is the first report of that series. It is our expectation that this report will establish a baseline for measuring progress as we move forward.

 

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