Tag Archives: Energy

New Partnership Aims to Connect 300 Million to Electricity by 2030We need to change the way we support refugees – now !

Posted on by

 

World Bank Group, African Development Bank initiative could halve the number of people in Africa living without electricity access

WASHINGTON, April 17, 2024 – The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.

The World Bank Group will work to connect 250 million people to electricity through distributed renewable energy systems or the distribution grid while the African Development Bank Group will support an additional 50 million people.

Continue reading →

Energizing Africa: What Will It Take to Achieve Universal Energy Access?

Posted on by

World Bank LIVE registration 

Over half a billion people in Sub-Saharan Africa are at risk of being left behind without electricity access by 2030, with nearly 400 million of them living in countries subject to fragility, conflict, and violence. Africa is where the energy access battle will be won or lost. Without access to reliable, affordable, and sustainable energy, the region will not reach its development aspirations or achieve an economic transformation that can lift millions out of poverty.

Together with partners, the World Bank Group has already begun efforts to deploy innovative financial and technical solutions that are essential for accelerating electrification rates that outpace population growth. 

The discussion will focus on what it will take to scale up the solutions and investments that will help connect millions more Africans to electricity and transform African economies.

How to scale up renewable energy investments

Posted on by

Dependence on fossil fuels in many countries leads to a vicious cycle of increasing costs,virtuous cycle1 higher energy prices for consumers, more pollution that impacts people’s health, and higher greenhouse gas emissions that endanger the planet. In contrast, transitioning to renewable energy can unlock a virtuous cycle that produces lower-cost electricity for consumers, builds resilience, and helps mitigate climate change. 

However, renewable energy projects do not materialize, and countries remain trapped in the vicious cycle. This happens despite the fact that many developing countries have some of the best solar and wind resources in the world. So how can we support governments to break free from fossil fuel dependency and catalyze the virtuous cycle for clean energy?

Continue reading →

Thriving: Making Cities Green, Resilient, and Inclusive in a Changing Climate

Posted on by

Cities, as engines of prosperity, are major contributors to climate change, generating about 70% of global greenhouse gas emissions. At the same time, as home to more than half of humanity, cities are on the front lines of climate change.

New analysis from the World Bank examines the two-way relationship between cities and climate change, concluding that cities also hold one of the keys to solving the climate crisis. With data from more than 10,000 cities, the report offers insight into how to help cities become greener, more resilient, and more inclusive – in other words, on how to help their cities thrive – in a changing climate.

Full Report

 

 

Impactful climate mitigation requires standards, verification and standardization

Posted on by

Solutions to Finance the Energy Transition in Developing Countries

Posted on by

Register

Low- and middle-income countries need to transform their power sector infrastructure at an unprecedented scale and pace to meet climate and development goals. The World Bank’s new framework “Scaling Up to Phase Down” maps out a 6-step virtuous cycle to help these countries overcome critical barriers that are paralyzing their energy transition and catalyze investments.

Despite accounting for two-thirds of the global population, developing countries receive only one-fifth of global energy investment. They need affordable financing, especially at the start of their energy transitions, to improve sector conditions and attract growing volumes of private capital.

Join us live from the headquarters of the World Bank Group. Be sure also to share your thoughts and questions in advance in the chat box! Our team of experts will answer them during the live event.

 

 

Scaling Up to Phase Down: Financing Energy Transitions in the Power Sector

Posted on by

To meet climate and development goals, low- and middle-income countries need to transform their power sector infrastructure at a scale and pace that is unprecedented. The World Bank framework “Scaling Up to Phase Down” maps out steps to support developing countries, with the help of development partners, to scale up affordable, secure, and reliable clean energy and phase down coal-fired electricity generation.

Continue reading →

Africa will remain poor unless it uses more energy

Posted on by

Published by the Economist

Greenhouse-gas emissions south of the Sahara are tiny

A window seat in a helicopter flying south-west from Windhoek, Namibia’s capital, offers an otherworldly diorama. The landscape shifts from earthly desert to Mars-red dunes, then to moonscape as the chopper nears Luderitz. In the early 1900s this tiny port was the hub for a diamond boom that brought the art-nouveau mansions that perch on the town’s slopes. More than a century on, Namibia hopes that the area will again bring riches, this time from sun, wind and land, by hosting one of Africa’s largest renewable-energy projects.

Read More

 

 

 

 

 

Success Story: Development Finance International Inc. (DFI)

Posted on by

Bridging Business and Development with Netherlands’ Partners

Among DFI’s proudest accomplishments are our long-term partnerships with Dutchdfintl_newblue organizations to address development needs and support sustainable business in emerging markets globally. 

Since DFI’s inception 30 years ago, and continuing through this day, DFI has worked closely with several Dutch corporate clients, The Netherlands Embassy in Washington, DC (and around the globe) and international funders such as the World Bank, the Inter-American Development Bank and other public, private and Civil Society Organizations (CSOs) to tackle the most pressing challenges in critical areas including food security and sustainability, healthcare, climate change, and science and technology, among others.  

Continue reading →

What IPCC climate projections mean for World Bank energy projects in Africa

Posted on by
 

We already knew climate change would be a major threat to development gains in Africa, but a blog_senegal_energy_-_with_wbg_cop27_branding_fullrecent report by the UN’s Intergovernmental Panel on Climate Change (IPCC) reveals the impacts could be significantly worse. Across the continent, research indicates with greater precision and certainty the future increases in flooding severity and extreme weather events over the coming decades. Among the findings: In West Africa, the number of potentially lethal heat days reaches 50–150 per year at 1.6°C global warming and 100–250 per year at 2.5°C global warming, with the highest increases in coastal regions; In Southern Africa, heavy rainfall events would become more frequent and intense at all levels of global warming, increasing exposure to flooding; and, at 2°C global warming, unprecedented extreme droughts are projected to emerge. These are alarming projections given that the continent is the least responsible for climate change but most vulnerable to its consequences.

Yet even as the climate crisis accelerates, Africa needs to close its huge energy access gap and achieve its development goals. Millions of people across Africa still lack access to basic electricity services.  Communities still live without reliable and affordable electricity needed to deliver social services and to be more resilient, better prepared, and more responsive when disasters hit.

“Yet even as the climate crisis accelerates, Africa needs to close its huge energy access gap and achieve its development goals.

Continue reading →