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World Bank Group Brief Sustainable Energy

By The World Bank

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Book Id: WPLBN0000198628
Format Type: PDF eBook
File Size: 1.3 MB
Reproduction Date: 2005
Full Text

Title: World Bank Group Brief Sustainable Energy  
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 Brief Sustainable Energy. Retrieved from http://members.worldlibrary.net/


Description
Economics

Excerpt
Government policy making - Good governance in the energy sector is essential to protect the interests of consumers, owners, investors and workers. In the extractive petroleum sector, transparency in revenue management permits informed social dialogue, better planning and reduces risks of misappropriation of revenues. Governments achieve good governance through policy formation and execution such as setting fair conditions and rules for investors, administering price adjustment mechanisms, and through regulation. Eradicating both grand corruption in the award of large contracts and petty corruption should also be addressed. Compensating for market failure - A role of Government is to compensate for market failure. Governments can mobilize financing of access costs to modern energy for the poor (and see to it that energy subsidies benefit only the poor) and reduce market barriers to entry of new service providers and new technologies. Private sector investment and operation - The private sector can deliver efficient investments and improved services provided that the right business incentives and regulatory arrangements are in place. A role of Governments is to mitigate risks beyond the control of private investors and private risk insurers in energy supply.

 

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