The World Bank is committed to helping countries deliver affordable, reliable and sustainable energy for all, as called for in SDG7. This work is central to delivering on the World Bank’s primary mandate: ending poverty and boosting shared prosperity.
The World Bank has a long track record of supporting the expansion of energy access, both on- and off-grid, and rural and urban electrification.
- The institution is significantly ramping up its support to energy access, in response to demand from client countries. Between FY2014-18, the World Bank committed $5 billion to energy access programs, of which $1.4 billion was committed in FY2018 alone
- Over the last four years, the World Bank contributed to better electricity access for more than 45 million people.
- In clean cooking and heating, the World Bank manages a portfolio of more than $318 million, with programs in 14 countries including Bangladesh, China, Ethiopia, Kenya, Kyrgyzstan, Mongolia, Senegal and Uganda. These programs have helped 11 million people get access to cleaner, more efficient cooking and heating solutions.
The WBG has ramped up its efforts to help developing countries accelerate their transition to clean energy in recent years, including through technological, policy and financial innovation.
- Between FY2014 and FY2018, the World Bank provided more than $11.5 billion in financing for renewable energy and energy efficiency.
- In the past four years, the World Bank on average has financed 25 percent of all solar mini-grid projects in developing countries.
- Under the Climate Change Action Plan adopted in 2016, the World Bank will use multiple instruments to de-risk renewable energy investments with a cumulative target of adding 20 gigawatts in renewable energy generation. Through a combination of policies and investments in power systems, the World Bank will enable a further 10 gigawatts of renewables to be integrated into grids.
This shift toward cleaner sources of energy will lead to greater demand for minerals and metals used in the manufacturing of many solar, wind and storage technologies. The World Bank is working with countries to strengthen sector governance to manage the impacts from mining and to ensure sustainable, equitable development.
In December 2017, the World Bank Group announced it will no longer finance upstream oil and gas after 2019, with special consideration only in exceptional circumstances. The World Bank will continue to provide technical assistance that helps our client countries strengthen the transparency, governance, institutional capacity and regulatory environment of their energy sectors – including in oil and gas.
The World Bank has not financed coal-fired power plants since 2010. We would only finance coal plants under rare circumstances, such as when there are no feasible alternatives to meet basic energy needs.
The World Bank also supports strategic global partnerships such as the Global Gas Flaring Reduction Partnership (GGFR) and the Energy Sector Management Assistance Program (ESMAP), and provides foundational and ground-breaking research, advisory products and analysis.
Recent research (much of it supported by ESMAP) includes:
- Tracking SDG7: Progress Toward Sustainable Energy (formerly GTF) - an annual update on country-level progress on the 2030 sustainable energy goals in energy access, renewable energy and energy efficiency.
- Regulatory Indicators for Sustainable Energy (RISE) - a snapshot of a country’s policies and regulations in the energy sector when it comes to access, efficiency and renewable energy.
- The Multi-Tier Framework (MTF) - a new metric for assessing household access to energy, and related surveys in 15 countries. MTF measures the quality of energy access beyond traditional connections, capturing the full range of grid and off-grid solutions.
Other publicly available tools include a Global Solar Atlas that tracks solar potential globally; Global Wind Atlas provides access to wind resource data, Energydata.info, a fast-growing database of energy-related open-source GIS data; and the Mini-Grid Support Facility which is mainstreaming mini-grids thorough both global and project-level activities.
Last Updated: Oct 03, 2018