Resource information
The first volume of Independent
Evaluation Group (IEG) series (IEG 2009) examined World Bank
experience with the promotion of the most important win-win
(no regrets) energy policies, policies that combine domestic
gains with global greenhouse gas (GHG) reductions. These
included energy pricing reform and policies to promote
energy efficiency. This second phase covers the entire World
Bank Group (WBG), including the International Finance
Corporation (IFC) and the Multilateral Investment Guarantee
Agency (MIGA). It assesses of interventions, from technical
assistance to financing to regulatory reform. This
project-eye view of activities pertains to all the action
areas of the Strategic Framework on Development and Climate
Change (SFDCC). The third phase will look at the challenge
of adaptation to climate change. The WBG's resources,
human and financial, are small compared to the task at hand.
The International Energy Agency estimates that developing
and transition countries need $16 trillion of energy sector
investments over 2008-30 under 'business as usual'
operations, plus an additional $5 trillion to shift to an
ambitiously low-carbon path. Much more is needed for
sustainable land and forest management and for urban
transport. So a prime focus of this evaluation is how the
WBG can get the most leverage, the widest positive impact on
both development and climate change mitigation, from its
limited resources.
