#EndEnergyPoverty
Syndicate content

energy poverty

Four things you can do during Earth Hour to fight energy poverty

Andy Shuai Liu's picture



On March 19, millions of people across the globe will turn their lights off for one hour. For many, Earth Hour is a time to recognize and acknowledge the array of challenges our world faces on energy, climate, and poverty.

Well over a billion people still live without electricity. Almost 3 billion still use air-polluting and carbon-emitting solid fuels (such as wood, coal and dung) for cooking and heating.
 
Some of us have seen these numbers so many times, they no longer seem as alarming as they should. Their impact has worn thin... So to recognize this reality for millions of our fellow human beings and to raise awareness of energy poverty, here are a few things you can do for Earth Hour on Saturday, March 19:

Being the 'honest broker' for Ghana’s one-of-a-kind energy deal

Pankaj Gupta's picture
Podcast: Investment in Ghana
It’s not every day that oil and gas companies commit to an $8 billion project, even as commodity prices show no signs of stabilizing. Such a deal is even tougher to orchestrate in Ghana, where the macroeconomic situation has deteriorated in the past two years, resulting in the country’s restructuring program with the International Monetary Fund.
 
But such an operation did happen.
 
On July 30, the World Bank Group’s Board of Executive Directors approved the largest guarantee support—$700 million in total—in the 20-year history of the Bank’s IDA/IBRD guarantee program. The combination is unique—it draws together the part of the Bank that helps the world’s poorest countries with the arm that offers long-term loans to middle-income developing countries.
 
But its result is even more critical, and possibly a best practice for other countries to follow in the future.