With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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MR. MARK TERCEK, PRESIDENT AND CHIEF EXECUTIVE OFFICER, NATURE CONSERVANCY: Okay. Welcome everyone, good afternoon. We're delighted to be here today at the Council on Foreign Relations... Show More + where we have the opportunity to discuss with President Kim of the World Bank, the next steps for international climate action.Dr. Jim Kim became the 12th president of the World Bank in 2012 after a career in development and medicine. He served as president of Dartmouth College, as well as a number of medical departments. And he co-founded Partners in Health which now operates on four continents. Dr. Kim's work, of course, has earned his wide recognition. He was awarded a MacArthur Genius Fellowship in 2003. U.S. News and World declared him to be one of Americas 25 best leader in 2005. Time Magazine named him one of the 100 most influential people in the world in 2005. We're pleased to have him here today to discuss a huge challenge, climate chan Show Less -
Bank Group ContributionSince 2008, the Bank Group has provided $48.6 billion for energy projects, with $24 billion from IBRD, and $11.4 billion from IDA. Of the total Bank Group financing, $12.4 billion—25.6... Show More + percent—was for renewable energy projects and programs, reflecting the determination of many countries to seek lower-carbon energy solutions. Energy efficiency, and transmission and distribution accounted for nearly one-third of energy financing. About 16 percent of the portfolio since 2008 is devoted to fossil fuel projects. PartnersThe Sustainable Energy for All (SE4ALL) initiative, co-chaired by UN-Secretary-General Ban Ki-moon, and World Bank Group President Jim Yong Kim, is a global coalition of governments, private sector, civil society and international organizations that aims to achieve three goals by 2030: 1) Universal access to electricity and modern cooking solutions, 2) Double the rate of improvement in energy efficiency, reducing the compound annual growth rate of Show Less -
The two-day workshop, hosted by Mustapha Bakkoury, CEO of MASEN, and also a member of SE4ALL’s Advisory Board, addressed these questions:What is the right policy and regulatory framework for utility-scale... Show More + solar power?How to balance domestic manufacturing with deployment of different solar technologies? What are the challenges and opportunities?How to integrate solar power into power systems?What are the optimal pre-requisites for development of large scale solar projects?How to structure appropriate financing and risk management instruments under various development schemes?“Concentrated solar technology is suitable to address our energy security and climate change challenges,” Mustapha Bakkoury said in his opening remarks. “However, CSP needs support to become competitive until the development of large scale CSP projects in an innovative and effective operational mode can provide the necessary economies of scale to bring cost down.”“Making renewable energy viable is essential to achie Show Less -
To achieve these goals, India needs to build domestic capacity to supply its own CSP components rather than import most of them, as is now the case. In addition to its energy benefits, such local manufacturing... Show More + would also boost India’s economic growth.India has already brought down the cost of solar power substantially through the first phase bidding under the JNNSM, which was conducted under a reverse auction model. The World Bank report estimates that with local manufacturing of components, the cost of CSP components in India could fall by 15-30 percent from present levels. It argues that with the right support, this local supply chain could be up and running in 4-7 years. The study was carried out by the World Bank’s South Asia Sustainable Development Department and financed by the Energy Sector Management Assistance Program (ESMAP)."Project implementation until now has been held back by a lack of experience with the technology," said Tarun Kapoor, Joint Secretary of the Mi Show Less -
Global Tracking Framework Report identifies countries with most potential to make “high-impact” progress on sustainable energy and specifies policy measures to scale up actionVIENNA, May 28, 2013 - About... Show More + 1.2 billion people – almost the population of India – don’t have access to electricity, 2.8 billion have to rely on wood or other biomass to cook and heat their homes, renewable energy accounts for 18 percent of the global energy mix, and the largest energy savings and greatest expansion of renewables happened in China. These are just some of the findings of a unique new report by a multi-agency team led by the World Bank. The report, compiled by experts from 15 agencies, is the first of a series to monitor progress towards the three objectives of the Sustainable Energy for All initiative, launched in 2011 by United Nations Secretary General Ban Ki-moon. The initiative, whose advisory board is co-chaired by World Bank Group President Jim Yong Kim, is mobilizing a global coalition Show Less -