AM15 event: Unleashing Private Investment in Renewable Energy

Annual Meeting 2015 event

Date: Friday, October 9, 2015
Time: 11:00 a.m. – 12:30 p.m. (Peru) / 12:00 p.m. – 1:30 p.m. (ET) / 16:00 – 17:30 (GMT) or convert time
Location: Pachacamac Room, Lima Convention Center, Lima, Peru & Online

Taking action to scale-up private sector investment in clean energy is crucial to ensuring power for growing economies, securing sustainable livelihoods, and addressing climate change and greenhouse gas emissions.

What solutions already exist and what needs to be done to stimulate further private sector investment in renewable energy? Continue reading

Can Dutch firms profit from carbon pricing?

Article originally posted on the World Bank website.

New Principles to Help Accelerate the Growing Global Momentum for Carbon Pricing

  • New report shows the number of implemented or planned carbon pricing schemes around the world has almost doubled since 2012, with existing schemes now worth about $50 billion.
  • About 40 nations and 23 cities, states or regions are using a carbon price. This represents the equivalent of about 7 billion tons of carbon dioxide, or 12 percent of annual global greenhouse gas emissions.
  • And new report lays out six key principles to put a price on carbon – the FASTER principles – for putting a price on carbon based on economic principles and experience of what is already working around the world

The spotlight is on New York now with the upcoming United Nations meeting on the new Sustainable Development Goals, Climate Week New York, and in about two months, global leaders will meet again in Paris for COP 21.

The decisions made in New York and Paris will set the course for development for years to come. But while these are top level, pivotal meetings, actors around the world are not waiting for a global agreement to act. They are already putting a price on carbon dioxide and other greenhouse gas emissions to drive clean investment. This includes the private sector. And we’ve seen companies from the oil and gas industry – calling for widespread carbon pricing. Today, over 400 businesses worldwide are using an internal price on carbon to guide their investments.

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Successful NL / WB Clean Cookstove Webinar

Every year over 4 million people, mostly women and children, die due to air pollution caused by unhealthy cookstoves and other heat sources. webinar-met-worldbankOn Tuesday, September 29, your Netherlands Embassy’s NL4WorldBank team, in close cooperation with the World Bank Group, the Netherlands Enterprise Agency (RVO), and the Ministry of Foreign Affairs, organized the first ever Clean Cookstove Webinar to address this issue.

How it works

Geared towards the Dutch private sector, the webinar offered the participants the chance to pitch their companies’ cookstove or related product to a group of World Bank staff all working on cookstove projects across the world. Continue reading

Successful NL / WB Clean Cookstove Webinar held on September 29

On Tuesday, September 29, your webinarNL4WorldBank team at the Netherlands embassy, in close cooperation with the World Bank Group, the Netherlands Enterprise Agency (RVO), the Ministry of Foreign Affairs and the Global Alliance for Clean Cookstoves, organized the first ever Clean Cookstove Webinar.

You will find the audio recording of the webinar here. The initial clip is a preview – click on ‘download’ to hear the entire recording.


US$250 Million Program to Support Jordan’s Energy & Water Sectors

The World Bank Board of Directors approvedsyrian-refugees-saeed3today a US$250 million financial package to support Jordan’s process to reform the energy and water sectors, two critical public services which are challenged by scarce resources and further burdened by a sharp rise in demand caused by the influx of Syrian refugees.

“The water sector is on track to start generating energy efficiency savings that will help to reduce the fiscal and environmental footprints of the sector.”

– Caroline van den Berg, World Bank Lead Water and Sanitation Specialist.

Jordan’s historic vulnerability to the fluctuations in fuel prices, coupled with the frequent interruptions in piped natural gas from Egypt since the outbreak of the Arab upheaval in 2011, have severely taxed the budget. To compensate for the gas shortages, Jordan has resorted to importing more expensive diesel and fuel oil. This development encouraged the Government to develop and implement programs to diversify and reduce cost of energy supply through the development of domestic renewable energy resources and alternate natural gas supply options for power generation.

On the water front, Jordan has historically grappled with water scarcity, which has forced the Kingdom to maximize its use of shared resources, while becoming more dependent on non-conventional, and often very energy-intensive, water infrastructure.  A series of external shocks, including the fluctuations in oil prices and the influx of the Syrian refugees in the country, have rapidly increased the cost of water. In response, the Government is implementing a sector reform program that aims to optimize the allocation of water resources, while reducing the use of energy in the sector – a program that would be supported by the DPL. The plan will optimize the use of existing surface water resources while allocating increasing flows of treated wastewater to farmers and industry to support economic growth while reducing the over-extraction of groundwater.

“We are pleased to continue supporting the Government of Jordan in implementing its ambitious and far reaching reform programs, which aim to bolster the country’s broad development agendas.”

– Ferid Belhaj, World Bank Director for the Middle East.

The water sector is one of the largest consumers of electricity in the country, and hence any increase in energy efficiency will help to reduce the cost of water and reduce emissions and subsequently the carbon footprint of the sector.

In addition to the new US$250 million loan, the World Bank’s portfolio in Jordan comprises three projects amounting to US$430 million, as well as 15 trust fund grants for a total of US$83.4 million.

More information can be found on the World Bank website, where you also may find the program document.

eConsultant2: Support India’s Ministry of New and Renewable Energy to Draw up Rollout Plan for Renewable Energy.

Deadline:  24-Sep-2015 at 11:59:59 PM (Eastern Time – Washington D.C.)

File:India fields and wind turbines.jpgThe World Bank now intends to engage a Consulting Firm to study the finalized 24X7 plans with respect to Renewable energy and prepare a state wise roll out plan for the implementation of the plans. The consultants will also be required to support MNRE in coordination with the states for the renewable energy aspect of the 24X7 plan
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Building Resilience: Climate Change Helping Contain a Global Threat

Article originally published in the IFC’s Annual Report 2015.

Climate change will hit developing Climate-Change-Story-Bannercountries hardest — posing significant threats to their efforts to tackle water, energy, and food-supply needs.

Developing countries will need large sums of money to cope with climate change: up to $1 trillion a year. The private sector has an indispensable role to play, and IFC is at the forefront in mobilizing private capital to address climate change.

We provide finance and advice for energy-efficient and renewable-energy solutions — such as green buildings and solar power. Since 2005, we have made long-term investments totaling more than $13 billion in climate-related projects. This includes $2.3 billion in 103 projects in 31 countries in FY15. We also mobilized $2.2 billion from other investors.

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eConsultant2: Warranty Tracking System for Off-Grid Solar Products in Ethiopia

Deadline: 01-Oct-2015 at 11:59:59 PM (Eastern Time – Washington D.C.)

solar-energyThe World Bank is supporting Ministry of Energy Ethiopia and Development Bank of Ethiopia to enforce warranty service of off-grid solar products by developing a web-based electronic database and information management system.The World Bank now invites eligible consulting firms to indicate their interest in providing the services of developing the data platform.

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eConsultant2: Industrial Energy Efficiency in Uzbekistan

The World Bank is assisting the Government of Uzbekistan in its effort to scale up energy efficiency investments in industries. Under the technical assistance project Support Development of a National Industrial Energy Management Program, the following activities will be undertaken. alcdsb-environmental-education-wiki-licensed-for-non-commercial-use-1051x1050

Expression of Interest Deadline: 17-Sep-2015 at 11:59:59 PM (Eastern Time – Washington D.C.)

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IFC – To Develop Sustainable Hydropower in Asia, a Regional Approach Is Best

Article originally published on the IFC website.

Seven hundred million people live without electricity in Asia. Several countries, including Lao People’s Democratic Republic, Myanmar, Nepal, and Pakistan, are tapping into their hydropower potentials to generate electricity for domestic consumption and exports, which will be a big boost to their economic development. To ensure the sustainability of such developments, IFC is working with both the public and private sectors to raise standards and enhance collaboration between the two sides.

“Hydropower demands are growing too fast to limit your scope to one country,” said Kate Lazarus, team leader for IFC’s Mekong sustainable hydropower program. “We’re approaching sustainability from an Asia-wide perspective.” Continue reading