Posts in energy access
- In spite of a heightened institutional focus on combating climate change, the World Bank increased its lending for fossil fuels over the last year. Meanwhile, the World Bank also has a ways to go in terms of tackling its objective of supporting universal access to energy, as only 8 percent of the Bank’s energy portfolio last year targeted the world’s poorest.
- The World Bank Group (WBG) increased financing for both fossil fuels and large hydropower significantly this past year, while financing for clean energy dropped. Overall, only 8 percent of the Bank’s energy financing last year was aimed specifically at the poor.
- The World Bank’s infrastructure program in Indonesia stipulates policies and government subsidies that promote the accelerated development of over 16 GW of coal power projects in the country ahead of developing feasible renewable alternatives.
- A new investigation by Oil Change International shows that the World Bank’s infrastructure program in Indonesia reads like a coal industry wish list stipulating policies and government subsidies that promote the fast-tracked development of over 40 coal projects in the country ahead of developing feasible renewable alternatives.
- Two U.S. initiatives to provide Africans with electricity seem likely to lead to large, climate-polluting projects rather than the locally sourced renewable energy rural Africa needs.
- In this graphic, you can see that according to Oil Change International analysis, governments around the world are spending perhaps more than $1 trillion USD combined per year subsidizing the fossil fuel industry.
- Hundreds of governments and thousands of stakeholders will meet at the Rio+20 Conference in Brazil this month to chart a future for the health of the planet, our human family and economies worldwide. The question is whether that future will include continuing public fossil fuel subsidies, which could climb to a staggering US$775 billion to an estimated US$1 trillion...
Continue reading 'Call on Governments to End Fossil Fuel Subsidies'.
- Development Banks Still Financing Dirty Energy New Database Reveals $40 Billion in Fossil Fuel Funding Over Last Four Years Nov. 30, 2011, Durban, South Africa – Major multilateral development banks have provided financing of over $40 billion to fossil-fuel energy development since 2008, according to the new Shift the Subsidies database (http://shiftthesubsidies.org), launched today by...
Continue reading 'Shift the Subsidies Database Reveals $40 Billion in Fossil Fuel Funding Over Last Four Years'.
- Tuesday, June 7, 2011 FOR IMMEDIATE RELEASE CONTACT: Elizabeth Bast, Oil Change International, 202-641-7203, ebast [at] priceofoil [dot] org Patricia Brooks, ActionAid USA, 202-351-1757 Report Finds World Bank’s Energy Lending Fails to Target the Poorest, Calls for Decentralized Clean Energy to Achieve Development Goals WASHINGTON, D.C. – New research released today by Oil Change International,...
Continue reading 'Report Finds World Bank’s Energy Lending Fails to Target the Poorest'.
- For the past year, the World Bank has been reviewing its strategy for energy lending. Responding to years of critiques and complaints from communities, activists, the Bank has taken a year to confirm what development advocates have been saying for quite a while: ensuring energy access for the poor is a critical step in alleviating...
Continue reading 'A Pro-Poor, Pro-Climate Energy Strategy'.
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