An investment framework for clean energy and development: a progress report
This paper responds to the Development Committee Communique of April 2006 requesting the World Bank to review existing financial instruments and explore the potential value of new financial instruments to accelerate investment in clean energy. It builds on the report 'Clean Energy and Development: Towards an Investment Framework' that was presented to the Development Committee at the April 2006 Spring Meeting and concludes: The major financing gap for the energy for development and energy access agendas can be met by deepening and broadening energy sector policy reform to attract private sector investments and additional public sector financing. A long-term stable global regulatory framework, with differentiated responsibilities, is needed to stimulate private investments and provide predictability. The Bank proposes the development of a number of options to accelerate the transition to a low carbon economy. Risks of weather-related disasters need to be integrated into poverty and sustainable development strategies with a combination of public and private sector resources. Clean energy will address the following issues that affect poor people and undermine progress on many of the Millennium Development Goals: Pollution at the household level, especially indoor air pollution, which adversely affects human health; Environmental impacts at the local, national and regional level, including urban air pollution and acid deposition, which affects human health and ecological systems; and The adverse impacts of greenhouse gas emissions from the production of energy on agricultural productivity, water resources, human health, human settlements and ecological systems. 11 figs., 2 tabs., 2 annexes.
- Research Organization:
- World Bank, Washington, DC (United States)
- OSTI ID:
- 20939432
- Resource Relation:
- Other Information: IEACR LIB
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
20 FOSSIL-FUELED POWER PLANTS
54 ENVIRONMENTAL SCIENCES
01 COAL, LIGNITE, AND PEAT
PROGRESS REPORT
POWER GENERATION
POLLUTION CONTROL
INVESTMENT
NATURAL DISASTERS
AIR POLLUTION CONTROL
ACID RAIN
INDOOR AIR POLLUTION
HEALTH HAZARDS
PUBLIC HEALTH
CLIMATIC CHANGE
ECOSYSTEMS
ENERGY POLICY
LOW INCOME GROUPS
DEVELOPING COUNTRIES
PLANNING
MITIGATION
LENDING INSTITUTIONS
CAPTURE
CARBON DIOXIDE
COST
FOSSIL-FUEL POWER PLANTS
FINANCING
COAL
CHARCOAL
EMISSIONS TRADING