Everyone agrees that enhanced transparency—on payments, revenues, royalties and taxes—is essential to success in developing countries to turn earnings from oil, gas and mining into economic growth and poverty reduction. But that’s just the first step.
East Asia and Pacific
Most experts agree that energy efficiency is a critical building block for sustainable development. This is because improvements in energy efficiency strengthen a country’s energy security, increase competitiveness, ease shortages in energy supply, and lower environmental impacts including local and greenhouse gas emissions.
Why doesn’t it happen then?
A cup of coffee in Caracas costs almost 200 times a liter of gasoline. Households in Turkey paid 74 times more than their Egyptian counterparts for bottled cooking gas in early 2013. The price differences across countries for gasoline and diesel are even larger, as much as 250-fold for diesel.
I’m back from the 2013 Clean Cooking Forum in Phnom Penh, and impressed with the insights shared by practitioners and household fuel experts from around the world. It’s good to see clean cooking at the center of the global development agenda. But to live up to expectations, we’ll need to keep working hard.