Access to affordable, reliable and sustainable energy is vital to driving economic growth and ending extreme poverty. Around 1.1 billion people worldwide still live without access to electricity. Another 2.9 billion rely on wood or other biomass for cooking and heating, resulting in indoor and outdoor air pollution attributable for 4.3 million deaths each year. Modern energy can help improve the quality of life for millions around the world and underpin progress in all areas of development.
The World Bank supports countries secure the affordable, reliable and sustainable energy needed to end poverty. With renewed commitment to climate action following the Paris Conference of Parties (COP21) Agreement, we assist countries as they develop environmentally, financially, fiscally, and socially sustainable energy sectors.
These objectives are reflected in the Sustainable Development Goal (SDG) on energy, or SDG7: Ensure access to affordable, reliable, sustainable and modern energy for all. SDG7 is one of 17 goals adopted by the United Nations to address the social, economic, and environmental dimensions of sustainable development by 2030.
To help achieve SDG7, the World Bank is working with many countries to accomplish three Sustainable Energy for All (SE4All) goals by 2030:
- Universal access to electricity and clean cooking fuels
- Doubling the share of renewable energy in the global energy mix, and
- Doubling the improvement rate of energy efficiency
We take a long-term holistic approach, emphasizing the need to build strong financial, operational, and institutional frameworks for sustainable energy sectors. We also seek to foster private sector participation and investment; embrace a multi-stakeholder, inclusive approach to the development of energy projects that acknowledge and reflect individual country circumstances.
The World Bank is a knowledge hub for SE4All, leading numerous agencies in major collaborative projects to monitor and report on energy development outcomes.
This led to the Global Tracking Framework, a suite of indicators and an accompanying data platform, which make it possible to track the progress of all countries towards the energy access, energy efficiency, and renewable energy goals.
A related project, Readiness for Investment in Sustainable Energy (RISE), provides indicators comparing the investment climate in countries across the three SE4All goals.
Last Updated: Apr 05, 2016