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Energy

Trading for a Better Climate

Harun Onder's picture

Pineapple seedlings grow in the nursery at Bomart Farms in Nsawam near Accra, Ghana. Photo - Jonathan Ernst / World BankConcerns over climate change took center stage at this year’s World Bank annual meetings. The message was clear: there doesn’t have to be a tradeoff between economic growth and a cleaner, healthier environment.

“We can make the right choice and still see robust growth,” World Bank President Jim Yong Kim said during the opening panel discussion, October 8.

With the next United Nations Framework Convention on Climate Change (UNFCCC) conference set to get underway in Warsaw in just a few weeks, Kim and International Monetary Fund Managing Director Christine Lagarde have now clearly laid out the economic case for shifting development strategy into a greener gear.

Powerless in Kanpur

Sheoli Pargal's picture
Katiyabaaz - master of illegal connections
Documentary on the power crisis in Kanpur, a North Indian city.

Kaatiyabaaz” is a compelling documentary film that highlights the power crisis in Kanpur, a city of three million people in north India. 

It has all the elements of a steamy Hindi movie: 45-degree Celsius heat, power outages that last 12-15 hours, and illegal connections that come up every night and disappear in the morning. The everyday characters are gripping too. There’s a Robin-Hood-like street electrician who “provides power” by hooking to transmission lines. An upright bureaucrat (a woman, imagine that!) trying to get people to pay their bills and prevent theft. A city full of tired, angry citizens fed up with poor service provided.  The film underlines how people will do whatever it takes to get some juice in their wires so that they can get lights, fans, water…the basic necessities of 20th century life.
 

Russia’s Great Deceleration

Birgit Hansl's picture

Russia’s fortune and growth prospects remain tied to its most important economic partners in the Euro area and its main export products: oil and gas. In the last decade Russia grew at around 6 percent (if we exclude the crisis year of 2009 - 4.7 percent on average otherwise).

This high growth was driven by high commodity prices, but it also translated into the non-tradables. Russians enjoyed a higher standard of living and consumed more. The economy still looked strong in 2012 when the country grew at 3.4 percent, especially when compared to Europe, the US and Japan, but also vis-à-vis emerging economies such as Brazil and Turkey. Unemployment dropped to record lows and real wages grew, with poverty decreasing dramatically in recent years.
 

In the past, given the buoyant oil revenues, Russia followed a pro-cyclical growth model of stimulating domestic demand, partly through public investment projects and partly through increasing public wages and other public income sources such as pensions.

If the prices of oil and gas were to drop in the near future, Russia’s growth model might be in need of urgent adjustment.

A Possible Rebirth of the Carbon Market?

Chandra Shekhar Sinha's picture

 Priya.Balraju1/Flickr
Photo courtesy: Priya.Balraju1/Flickr

Many people have voiced pessimism over an international agreement to address climate change since the 2009 climate conference in Copenhagen fell short of expectations. The lack of a comprehensive, global effort to curb emissions; the failure by the United States to pass meaningful federal legislation, the continued recession in Europe; and, most recently, the election results in Australia have undermined efforts to put a price on carbon and dampened hope for market-based solutions to climate change.

The somber mood was evident at the Carbon Forum Asia, held in Bangkok between September 24 – 27.  But participants at the event also found a glimmer of hope.

World Bank Support Delivers Electric Power to Millions – Sustainably

S. Vijay Iyer's picture

Between 2007 and 2011, Peru doubled electricity access rates from 30 percent of households to over 60 percent.  The national rural electrification program has been supported by US$50 million in World Bank financing and US$10 million from the Global Environment Facility (GEF).

This is a remarkable achievement, but to make sure that the new opportunities benefit local people in rural areas, an additional initiative was launched. This “productive uses of electricity” pilot project adapted lessons from two World Bank-supported activities in Indonesia under which the national utility reached out to local communities through NGOs. 

Annual Meetings: Making Earth's Riches Work for Poor and Fragile Countries

Bassam Sebti's picture

At least 80% of countries considered fragile or affected by conflict are home to valuable extractive resources that the global economy hungers for. Earth’s riches like oil, gas, and minerals often fuel conflict, trapping all but the elites in poverty amid vast wealth.
 
A high-level panel of industry experts and representatives from CSOs and resource-rich nations weighed in today on the challenges that define poverty or prosperity in a fragile country.
 
Fragile states endowed with natural resources have the chance to benefit from their transformational impact, said Sri Mulyani Indrawati, managing director and chief operating officer of the World Bank Group. "Success can mean stability and development, and failure can mean aid dependency,” she said. 
 
Indrawati underscored the need to get things right — alluding to the recurrent discussion regarding the “resource curse.” “Our focus is on transparency, governance, and strengthening country capacity,” she said.
 
On transparency, panelist Clare Short, chair of the Extractives Industries Transparency Initiative, an international standard that ensures transparency around countries’ oil, gas and mineral resources, acknowledged that extractive resources “are very difficult to manage.”

Long term impacts of household electrification in rural India

Dominique Van De Walle's picture

It is estimated that 1.3 billion people in 2009 were still without electricity. Many rural households in the developing world continue to cook with wood and biomass (mainly dung), and spend a lot of time collecting and preparing fuel for domestic use. Across the world, these time (and resulting health) burdens are thought to be higher for women and the children under their care. 

One popular argument is that by relieving time burdens spent in collecting and preparing fuel, household electricity results in rural women engaging in market-based work — judged to be a good thing since women’s empowerment has been linked to having one’s own income.  In fact, a number of studies show that the introduction of household electrical appliances accounts for a large share of the increase in married American women’s labor force participation in the 20th century. For the developing world, a recent paper by Taryn Dinkelman finds similar and large effects on female employment (and not on male employment) for South Africa, which are attributed to the use of electric stoves and other time saving appliances. 

Women at the Forefront of Climate Action

Rachel Kyte's picture
 
Mussarat Farida Begum Mussarat Farida Begum runs a small teahouse in Garjon Bunia Bazaar, a rural community in Bangladesh. As part of a program which has helped Bangladesh reach more than 2 million low-income rural households and shops with electricity, she bought a solar home system for $457, initially paying $57, and borrowing the rest. She repays the loan in weekly installments with money she earns by keeping her now-lighted chai shop open after dark. Her business is booming and her family lives much more comfortably with their increased income. They now have electricity at home and their children can study at night.

Women like Mussarat are at the forefront of our efforts to secure development by tackling climate change. On the one hand, they are disproportionately vulnerable to the impacts of extreme events. But it is also women who can make a difference to change entrenched behaviors. It is their decisions as entrepreneurs, investors, consumers, farmers, and heads of households that can put our planet on a greener, more inclusive development trajectory.

Shanghai: Paving the Way for Greener Cities

Jim Yong Kim's picture

SHANGHAI, China, Sept. 17 -- I'm standing in front of a building at Linkong International Garden that has solar panels on the outer walls and rooftops, geothermal heat pumps, and online energy management. This is part of the front line of the fight against climate change, and Shanghai is helping to lead the way in making sure rapid urbanization involves a wide array of clean technologies. Watch the video to learn more.

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