Whether it be from The Wall Street Journal, or YouTube, by now most of us have heard the arguments for and against development of “shale gas”, and as a member of the World Bank’s Oil, Gas and Mining Unit, hardly a day goes by that I do not receive a notice about an article, a presentation or a conference on this topic.
The World Region
It’s been clear here at the World Energy Summit in Abu Dhabi that the International Renewable Energy Agency, or IRENA, is fast emerging as a leader in forging a more sustainable energy future. With 159 countries—plus the EU— having joined it, a staff of 70 and a $28-million annual budget, IRENA held its third Executive Assembly here, making an impressive show on the sidelines of the summit. One example is its Renewable Energy Roadmap, which attracted lively interest among delegates.
French President François Hollande put his country on the Sustainable Energy for All train here at the World Energy Future Summit yesterday, affirming France's support for the initiative, whose advisory board is co-chaired by World Bank President Jim Yong Kim and UN Secretary-General Ban Ki-moon. In a speech devoted to the theme of preparing for the "après pétrole" era, Hollande highlighted three steps: first, create international funds for renewable energy investment pooling resources from petroleum exporting and importing countries; second, radically rethink our model of urbanization to make it less energy intensive; and third, secure a Global Climate Change Agreement for 2015, France stands ready to host the CoP and facilitate an agreement.
Among all the noise and commitments (or lack of) coming out of Rio, an announcement by the Government of Norway, in partnership with Ethiopia, Kenya and Liberia, is worth highlighting. As part of its contribution to the Energy+ Partnership it established in October 2011, Norway is to enter into three bilateral agreements to scale up access to sustainable energy in Ethiopia's rural areas, replace kerosene lamps with solar alternatives in Kenya, and support Liberia's development of a strategic energy and climate plan, with a major emphasis on ‘payment by results’.
A successful inclusive green growth strategy has to address the question of how we generate and consume energy. Indeed, the energy question is where poverty and climate pressures meet. One in five people worldwide lives without electricity. Two in five use wood, charcoal, dung or coal to cook and heat their homes, usually at risk to their health.