To ask the Secretary of State for International Development, what discussions she has had with the World Bank on investing in local, clean and renewable energy for poor communities.
26 April 2018
The Secretary of State has had no specific discussions with the World Bank about investing in local, clean and renewable energy for poor communities.
However, the UK is using its influence as a major shareholder to encourage the World Bank to step up its support for developing countries to invest in renewable energy. We do so in high level meetings, through our interventions in board discussions of the Climate Change Action Plan as well as in discussions on specific project plans to target cases where this is the most cost effective option for countries to expand their energy supply. The UK contributes to the World Bank’s work in this area through its core funding, as well as partnerships including the Energy Management Assistance Programme (ESMAP), the Climate Investment Funds and the Global Environment Facility. The UK strongly supports the World Bank’s work to increase access to cleaner, more efficient cooking and heating solutions, which now stretches across 15 countries with regional programmes in Asia, Africa and Central America.
The World Bank committed to 28% of its financial support being climate related by 2020 and to achieving a number of goals, including on renewable energy, in its Climate Change Action Plan 2016 – 2020. We are currently in discussions with the World Bank on setting even more ambitious targets for the period beyond 2020.