Climate change, poverty, and inequality are the defining issues of our age. The World Bank Group is the biggest multilateral funder of climate investments in developing countries. And we intend to go further in helping countries reduce poverty and rise to the challenges of climate change. Read More
The challenge for developing countries is they no longer have an opportunity to develop first in a high carbon-intensive way and then clean up and decarbonize later. They need support today to make investments now to slow a changing climate and enable billions to live safer, more prosperous, inclusive and sustainable lives.
If they are well designed and implemented, the policies countries put in place for low-carbon, resilient growth could also help them address poverty and inequality. Read More.
To support the integration of renewable energy and provide reliable supply, electricity networks will need to double in length, and annual deployment of energy storage will need to increase by two orders of magnitude.
Using the WBG suite of technical assistance, policy lending, and investment products, we provide technical and financial support to help countries accelerate the energy transition, improve energy efficiency, and achieve universal access. The WBG is assisting countries with climate and development diagnostics, energy sector planning, and coordinated policies to meet socioeconomic, environmental, and energy security goals. Read More