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FEATURE STORY

Rio+20: Sustainable and efficient energy for everyone

May 30, 2012

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Developing countries host at least 50% of current global renewable energy capacity, according to the UN

© Gennadiy Ratushenko / World Bank

STORY HIGHLIGHTS
  • A challenge and a push: guaranteeing universal access to electricity and clean cooking fuels
  • The World Bank works with the public and private sectors to find innovative projects in the energy sector
  • Sustainable management of natural resources is key to achieving the goals established by the United Nations

Vital to sustainable development is sustainable energy. UN Secretary-General Ban Ki-moon is leading a push for universal access to electricity and clean cooking fuels, doubling the share of the world’s energy supplied by renewable sources from 15% to 30%, and doubling the rate of improvement in energy efficiency—all by 2030.

The World Bank Group is mobilizing its knowledge, financing, and innovative market-based solutions to help achieve these goals in an effort that would complement the emerging road map for Sustainable Development Goals. It also is actively engaged in the search for innovative public and private sector solutions that will advance the new global agenda and make all of us winners of tomorrow’s green industrial revolution.

At Rio +20, we would like to see serious commitments to an inclusive, green growth path to sustainable development. That includes:

  • Incorporating natural capital accounting into national measures of wealth to ensure that all decisions made are properly valuing the tradeoffs in resources uses or destroyed.
  • Embracing a holistic view that recognizes how urban development, agriculture, private sector development, ecosystems, natural resources, job creation, and social development are intertwined.
  • Making a balanced management of ocean and forest environments and thinking carefully in how we will provide water and energy for all in sustainable ways that reduce poverty and improve lives.

" Latin America has been a creative source of knowledge for the rest of the world on how to green a growing economy, from payments for ecosystems services to solar and wind power and rapid mass transit systems. Converting these sparks of innovation into widespread practices is the challenge that lies ahead for the region. "
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Hasan Tuluy

Regional Vice President, Latin America and the Caribbean, World Bank

The inclusive green growth path will be different for each country to meet its specific needs, but the goal is the same: growth and development that is sustainable for people, planet, and progress.


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