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Energy

It’s Not the How; It’s the Why

Shanta Devarajan's picture
Also available in: Español | Français | العربية

Hardly a week goes by without my hearing the statement, “It’s not the What; it’s the How.”  On the reform of energy subsidies in the Middle East and North Africa, for instance, the discussion is focused not on whether subsidies should be reformed (everyone agrees they should be), but on how the reform should be carried out.  Similar points are made about business regulations,educationagriculture, or health. I confess to having written similar things myself.  And there is no shortage of such proposals on this blog
 
Reforms are needed because there is a policy or institutional arrangement in place that has become counterproductive.  But before suggesting how to reform it, we should ask why that policy exists at all, why it has persisted for so long, and why it hasn’t been reformed until now.  For these policies didn’t come about by accident.  Nor have they remained because somebody forgot to change them.  And they are unlikely to be reformed just because a policymaker happens to read a book, article or blog post entitled “How to reform…”

Done Right, Hydropower Can Help Fight Energy and Water Poverty

Anita Marangoly George's picture
Water and energy are inseparable. An increase or decrease in one immediately affects the other. The interdependence of water and energy is the topic of the moment in Stockholm right now at World Water Week. Forums large and small are focusing on the energy we need to pump, store, transport and treat water and the water we need to produce almost all sorts of energy.
 

Years of Living Dangerously, Years of Opportunity

James Cameron's picture
Also available in: Français | Español | العربية

Above, watch the trailer for "Years of Living Dangerously" and the panel discussion with Thomas Friedman during the 2014 Spring Meetings. Below, watch the premiere episode. 

Fueled by warmer temperatures and added moisture in the air, a storm system coils like a snake ready to strike. Rising seas stand poised to obliterate shoreline developments and cityscapes. The brown, dry soil of once-verdant farmland threatens food security for millions, all while the number of mouths to feed grows. Wildfires rage and burning peat lands belch black carbon and greenhouse gases into our thin shell of an atmosphere.
 
And that’s how climate change is affecting real people, right now, all over the globe. “Years of Living Dangerously” on SHOWTIME® features an exceptional cast of world-class journalists and celebrity reporters documenting the impact of climate change worldwide. Over nine episodes, we show that climate change is 100% a people story.
 
World leaders just affirmed the latest in a series of reports of the Intergovernmental Panel on Climate Change, the Nobel Prize-winning authority on climate science. These reports are uncompromising in their assessment that climate change is real, it’s us, it's now, it's getting worse, and we’re not prepared. The latest report makes clear we have the clean energy technologies to start slashing carbon pollution at very low cost, much lower than the cost of inaction – but the window to act is closing fast.
 

World Bank Group President Jim Yong Kim and Thomas Friedman at the April 10 event. © Leigh Vogel/Connect for ClimateWorld Bank Group President Jim Yong Kim and Thomas Friedman at the April 10 event. © Leigh Vogel/Connect for Climate
These are the years of living dangerously. But they are also years of hope. We are the first generation to know that climate change is a clear and present danger, and also the last generation that can stop it. World Bank Group President Jim Yong Kim often describes a vision of young children in the future, turning back to their fathers and asking, "Dad, what did you do when you knew?"

From Risky to Responsible Business

Jean-Michel Happi's picture
Also available in: Русский

Responsible Mining in ArmeniaIf I had to pick one critical source of exports and a key driver of economic growth for Armenia, I would pick mining.
 
But mining is a risky business and is fraught with hurdles. Exploration often comes up empty. Investments are very large, in excess of hundreds of millions dollars. Commodity prices can change dramatically and governments can change policies and taxes. Moreover, there can be large environmental and social risks associated with things like tailings, dams, and resettlement policies.
 
A risky business does not, however, mean that mining is or should be an irresponsible business. Many of these risks can be mitigated or eliminated. This requires proper policies, laws, regulations, careful implementation, and planning for life when the mine closes – all of this even before the mine opens.  Supporting policies, such as easy access to updated geological information and predictability in transferring licenses, reduce the risk in exploration.

Another Lasting Impact from Smartphones

Jim Yong Kim's picture
Also available in: Français | Español | العربية | 中文



For a very long time, the rich have known to some extent how the poor around the world live. What’s new in today's world is that the best-kept secret from the poor, namely, how the rich live, is now out. Through the village television, the Internet and hand-held instruments, which a rapidly increasing number of the poor possess, life-styles of the rich and the middle class are transmitted in full color to their homes every day.

Last year, when I traveled with President Evo Morales to a Bolivian village 14,000 feet above sea level, villagers snapped pictures on their smartphones of our arrival. In Uttar Pradesh, the state in India with the highest number of poor people, I found Indians watching Korean soap operas on their smartphones.

We live in an unequal world. But while the rich world may be blind to the suffering of the poor, the poor throughout the world are very much aware of how the rich live. And they have shown they are willing to take action.

The Longer World Waits to Address Climate Change, the Higher the Cost

Rachel Kyte's picture
Also available in: العربية | Français | Español | 中文

Climate change ministerial, IMF/World Bank Spring Meetings 2014In September, the world’s top scientists said the human influence on climate was clear. Last month, they warned of increased risks of a rapidly warming planet to our economies, environment, food supply, and global security. Today, the latest report from the UN Intergovernmental Panel on Climate Change (IPCC) describes what we need to do about it.

The report, focused on mitigation, says that global greenhouse gas emissions were rising faster in the last decade than in the previously three, despite reduction efforts.  Without additional mitigation efforts, we could see a temperature rise of 3.7 to 4.8 degrees Celsius above pre-industrial times by the end of this century. The IPCC says we can still limit that increase to 2 degrees, but that will require substantial technological, economic, institutional, and behavioral change.

Let’s translate the numbers. For every degree rise, that equates to more risk, especially for the poor and most vulnerable.

Poland Scores High on Shared Prosperity Progress

Laura Tuck's picture

Laura Tuck, Vice President for the World Bank's Europe and Central Asia region, discusses her trip to Poland, its economy, progress in boosting shared prosperity, and the World Bank's partnership with the country.

 

Dialogue with Central Asian countries

Laura Tuck's picture

Bishkek, Kyrgyz Republic – Laura Tuck, the vice president for the World Bank’s Europe and Central Asia unit, talks about her trip to Kazakhstan, the Kyrgyz Republic, Tajikistan and Uzbekistan and important issues related to the economic growth of the region that she discussed in these Central Asian countries.


 

Making Renewable Energy Happen

Donna Barne's picture

The green energy revolution used to look pretty far off.  Today, businesses are starting to factor the cost of climate change into their planning, countries have set targets for increasing the use of renewable energy, and wind farms and solar panels are popping up everywhere. But large-scale renewable energy development is still a challenge – especially in the absence of government incentives. Large-scale renewable power such as solar, wind, and wave power, though technically viable, is often seen by investors as too expensive to develop and too risky.

The International Finance Corporation (IFC), the World Bank Group’s private sector arm, is working to overcome those concerns. In Chile – a country with considerable renewable energy potential – these efforts are starting to have an impact.  As the video below shows, Chile plans a significant shift in its energy equation – from 37% renewables today to 55% by 2024. Though still a very small percentage of the overall energy mix, non-conventional renewable power such as wind and solar is starting to happen there, without government subsidies. 

Myanmar's Chance to Boost Prosperity, End Poverty

Jim Yong Kim's picture

YANGON, Myanmar — The government here has put forward ambitious plans to dramatically increase access to electricity and health care, especially in rural areas. Both are huge problems; some 70% of all people in Myanmar do not have access to electricity, and public health issues, including the spread of TB, need to be more effectively curtailed. What can we can do about these problems? Actually, quite a bit. Watch the video from the Shwedagon Pagoda in Yangon.

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