Renewable energy investment by the World Bank

Energy Policy ◽  
2001 ◽  
Vol 29 (9) ◽  
pp. 689-699 ◽  
Author(s):  
Eric Martinot
Keyword(s):  
Renewable Energy ◽  
World Bank ◽  
Energy Investment ◽  
The World Bank ◽  
The World ◽  
Renewable Energy Investment

Mind the Gap Please!

2011 ◽  
pp. 50-63
Author(s):  
Sam Wong
Keyword(s):  
Renewable Energy ◽  
World Bank ◽  
Investment Strategies ◽  
Energy Investment ◽  
The World ◽  
Consumption Practices ◽  
Solar Lighting ◽  
Complex Relationships ◽  
Renewable Energy Investment ◽  
Energy Sharing

This chapter scrutinises the World Bank’s nine guiding principles for investment strategies on renewable energy in developing countries. Drawing on two World Bank-funded solar lighting projects in Bangladesh and India as examples, it demonstrates a wide gap in investment strategies between the Bank and local people. It suggests that a rigid distinction of renewable and non-renewable options risks restricting poor people to adopt an energy-mix approach to cope with poverty. The economic assumptions of the strategic choice for renewable energy investment pay inadequate attention to the cultural norms that shape people’s preferences for energy sharing. A lack of participation of NGOs and local communities in shaping the Bank’s investment strategies also undermines the effectiveness of its renewable energy policies in the long term. This chapter suggests that the World Bank re-conceptualises the complex relationships between energy and poverty and seeks a better understanding of local people’s daily energy consumption practices.

Mind the Gap Please!

2013 ◽  
pp. 1232-1245
Author(s):  
Sam Wong
Keyword(s):  
Renewable Energy ◽  
World Bank ◽  
Investment Strategies ◽  
Energy Investment ◽  
The World ◽  
Consumption Practices ◽  
Solar Lighting ◽  
Complex Relationships ◽  
Renewable Energy Investment ◽  
Energy Sharing

This chapter scrutinises the World Bank’s nine guiding principles for investment strategies on renewable energy in developing countries. Drawing on two World Bank-funded solar lighting projects in Bangladesh and India as examples, it demonstrates a wide gap in investment strategies between the Bank and local people. It suggests that a rigid distinction of renewable and non-renewable options risks restricting poor people to adopt an energy-mix approach to cope with poverty. The economic assumptions of the strategic choice for renewable energy investment pay inadequate attention to the cultural norms that shape people’s preferences for energy sharing. A lack of participation of NGOs and local communities in shaping the Bank’s investment strategies also undermines the effectiveness of its renewable energy policies in the long term. This chapter suggests that the World Bank re-conceptualises the complex relationships between energy and poverty and seeks a better understanding of local people’s daily energy consumption practices.

scholarly journals Advantages of Green Innovations and Technologies

Economics ◽  
2021 ◽  
Vol 104 (6-9) ◽  
pp. 33-40
Author(s):  
Madona Kantidze Madona Kantidze
Keyword(s):  
Renewable Energy ◽  
Natural Resources ◽  
Competitive Advantage ◽  
World Bank ◽  
Circular Economy ◽  
Environment Protection ◽  
The European Union ◽  
Energy Field ◽  
The World Bank ◽  
The World

The aim of the research is to explore the benefits of green innovations and technologies in the natural, economic and social environment. As for the methodology, the article presents an empirical study. The reports of the European Union and the World Bank are reviewed, as well as the relevant conclusions are made based on the results of a research conducted in China, the analysis of the reforms adopted in Malaysia and the experience of Georgia. Based on the reviewed reports and researches, we can conclude that green innovations and technologies have the following advantages:  Contributes significantly to the risks of destruction of the environment, natural resources, flora and fauna;  Allows businesses to use natural resources more efficiently, which decrease as time goes on;  Promotes the development of a new, renewable energy field, which will significantly replace non-renewable energy;  Green innovations and technologies help countries save non-renewable energy (for example, hybrid cars, help us save fuel);  Gives business companies a competitive advantage (for example, countries that have promoted the idea of wind turbines have acquired a significant competitive advantage);  Promotes the circular economy by increasing the life cycle of a product by reusing, renewing, repairing, or recycling it. Keywords: green, innovations, technologies, environment, protection.

The effect of trade and monetary policy indicators on the development of renewable energy in Latin America

2019 ◽  
Vol 16 (4) ◽  
pp. 337-359 ◽  
Author(s):  
Dina Frutos-Bencze ◽  
Kujtim Avdiu ◽  
Stephan Unger
Keyword(s):  
Principal Component Analysis ◽  
Monetary Policy ◽  
Renewable Energy ◽  
World Bank ◽  
Principal Component ◽  
Foreign Exchange Reserves ◽  
Content Type ◽  
The World Bank ◽  
The World ◽  
Energy Indicators

Purpose This paper aims to investigate the effect of monetary policy indicators on Latin America’s renewable energy development. The authors conduct several regressions as well as a Principal Component Analysis (PCA) to unveil relationships among possible driving factors among others the current account balance, interest rates, money flow and energy trade balance for Latin America’s energy mix. Design/methodology/approach The analysis was a two-part process. First, the authors used multiple regression to identify if monetary policy affects the development of renewable energy usage at all. To investigate the singular effects of each of the nine macro-economic variables and four energy indicators, collected from the World Bank (2017) database, several regressions were run where the authors regressed each economic indicator on each energy variable. Then, the authors conducted a principal component analysis with all 13 variables. Findings The authors found a significant relationship between the clean energy share and governmental spending boosting GDP as well as a significant relationship between governmental spending and the amount of foreign exchange reserves. Declining net energy imports indicate that countries in Latin America are getting more and more energy autonomous for the price of building up huge amounts of foreign exchange reserves. Research limitations/implications Renewable energy indicators are not always available for all Latin American countries. Data tend to be scattered. However, sources such as the International Renewable Energy Agency and the World Bank database can be complementary. Practical implications The understanding of the effects and impacts of some of the monetary policy related indicators can provide insights for improving renewable energy financing policies. In turn, such policies can have increased influence on renewable energy sustainability and potentially contribute to improving environmental policies. Originality/value The specific impact of the selected variables on renewable energy has not been studied. This study attempts to discern the impact of such variables to understand how they influence the renewable energy mix. The insights can in turn inform and modify existing policies and guidelines as well as advise new policy.

Public International Finance and Coal Fired Power: An Overview and Analysis 1994-2009, with a Spring, 2011 Update and Postscript

2011 ◽  
pp. 119-163
Author(s):  
Bruce Rich
Keyword(s):  
Global Warming ◽  
Co2 Emissions ◽  
World Bank ◽  
Power Plants ◽  
International Energy Agency ◽  
Export Credit ◽  
Energy Agency ◽  
Energy Investment ◽  
The World Bank ◽  
The World

The World Bank and other international public financial institutions are continuing an eighteen year trend of supporting coal-fired power plant construction throughout the developing world and economies in transition. By financing this new carbonintensive infrastructure, multilateral development banks (MDBs) and export credit agencies (ECAs) are hamstringing the fight against global warming and setting back longer term efforts to alleviate poverty in the world's poorest countries. From 1994 through early 2009, the World Bank, other MDBs and ECAs financed new construction or expansion of 88 coal-fired power plants. These plants will generate roughly 791 million tons of CO2 emissions per year, or more than 75% of the 2008 annual emissions for coal-fired power in the entire European Union. According to the International Energy Agency, without a decisive reorientation of energy investment from carbon-intensive sources in developing and emerging economies, atmospheric CO2 will overshoot the point of no return for dangerous global warming, even if the OECD countries were to reduce their CO2 emissions to zero by 2030. Scarce public international financial resources in the energy sector should go to renewable technologies and energy efficiency, which will help countries grow and alleviate poverty while reducing the impacts of global warming on the poor.

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