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World Bank Group Progress on Renewable Energy and Energy Efficiency Fiscal Year 2005

By The World Bank

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Book Id: WPLBN0000198663
Format Type: PDF eBook
File Size: 1.0 MB
Reproduction Date: 2005
Full Text

Title: World Bank Group Progress on Renewable Energy and Energy Efficiency Fiscal Year 2005  
Author: The World Bank
Volume:
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Historic
Publication Date:
Publisher: The World Bank

Description
Economics

Excerpt
Renewable energy and energy efficiency can help meet increased demand for energy at the least economic, financial, and environmental cost, and they must be part of any strategy for sustainable economic development. Over the last two decades, the World Bank Group has been assisting partner countries in developing energy strategies that include identifying and exploiting opportunities to improve the use of renewable energy and efficiency of energy use, production, and distribution. In doing so, the World Bank Group makes flexible and innovative use of its wide range of assistance instruments? policy advice, technical assistance, investment and adjustment lending, and guarantees. In June 2004, at the Bonn International Conference on Renewable Energies, the World Bank Group committed to scaling up its renewable energy and energy efficiency portfolio by an annual average of 20 percent over five years (FY05?09) and to reporting on its annual performance in supporting renewable energy and energy efficiency. This report presents the progress that the World Bank Group has made in FY05, the first year of the Bonn commitment.1 The World Bank Group, one of the largest financiers for renewable energy and energy efficiency investments, outperformed on its Bonn commitment last year. Implementation activities range from investment and capacitybuilding assistance to engaging partner countries in the exploration of the full potential of renewable energy and energy efficiency opportunities, building global partnerships, leveraging financial resources, and transferring know-how and good practices. The report details the work and achievements by the six regional energy units of the World Bank, International Finance Corporation, Multilateral Investment Guarantee Agency, and the World Bank Group Carbon Finance operations. In addition to the accomplishments, the report also reflects on the lessons learned and future challenges. This report is a tribute to the dedication and hard work of the countries and their staff, the partners of the World Bank Group, and World Bank Group staff who have contributed to achieving the objectives in the past year...

 

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