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Source: World Bank Open Knowledge Repository

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Scaling Up Finance for Sustainable Energy Investments

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Abstract

Remarks delivered by Jim Yong Kim, President of the World Bank Group, review the commitment to the U.N. Decade for Sustainable Energy for All. The initiative is a multi-stakeholder partnership working with governments, businesses, civil society, banks and international institutions to meet three interlinked goals by 2030: (i) ensuring energy access to more than 1 billion people living without electricity; (ii) doubling the share of renewable energy in the global energy mix; and (iii) doubling the rate of improvement in energy efficiency worldwide. These three goals are interlinked and vital for achieving the twin goals of ending extreme poverty by 2030 and boosting shared prosperity. He concludes saying that, we must now prove that we can make energy available to the hundreds of millions who need it and work together to end energy poverty in our lifetime.

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