The city has constrained human and financial resources to respond to this issue, as energy supply is struggling to keep up with ever-growing demand. Consequently, severe electricity shortages occur at the national level, resulting in frequent load shedding and energy price inflation, to the tune of 12 percent in the third quarter of 2014 alone.
Dumsor or load shedding has become part of the everyday life of local inhabitants; in fact, it is such a chronic issue that it has even made it into Wikipedia. Under the current timetable, residential customers have up to 24 hours of power outage for every 12 hours of power and are forced to use back-up power, kerosene lamps or be without power. At the same time, the Energy Commission of Ghana estimates that every year end-use electricity waste is around 30 percent of all of the electricity consumed, which in part, is due to the inefficiency of appliances and their overuse by the population. As is well known, inefficient use of energy contributes to higher levels of energy consumption than needed.
Although energy supply in the city is so often an issue, creative energies are bubbling in local information technology and innovation hubs, ready for a “spillover” into other sectors such as energy. Accra is home to a growing community of technologists and innovators, offering great and untapped potential for a new force to offer solutions, particularly, in the area of energy efficiency.
In 2014, Tajikistan applied climate analysis to maximize investments in an aging hydropower system upon which half a million people depend. Morocco continued the phased development of a 500 MW concentrated solar power complex — the first of its kind in Morocco and one of the largest in the world, promising to bring electricity to 1.1 million Moroccans. Indigenous peoples’ groups in Brazil presented and received approval for a $6.5 million plan to advance their participation in sustainable forest management.
These are just a few of the many progressive steps that 63 developing and middle income countries are taking to shift to low carbon, climate-resilient economies with support from the Climate Investment Funds (CIF).
With more than $8 billion in resources expected to attract at least an additional $57 billion from other sources, the CIF is accelerating, scaling up, and influencing the design of a wide range of climate-related investments in participating countries. While this may be only a small portion of the resources needed annually to curb global warming, the CIF is showing that even a limited amount of public funding, if well placed, can deliver investments at scale to empower transformation.
Breakthroughs in energy technology are happening all over the world, improving access to power for people and making a real difference in their quality of life. While technological innovation tends to come predominantly from developed economies, we see incredible entrepreneurialism in developing countries when it comes to adopting and adapting new technology for local markets and needs. The challenge for poorer countries is getting timely access to the best and cleanest technologies.
When I was approached by Ideas Lab to share my energy innovation predictions, I decided to crowdsource ideas from my team in the World Bank’s Energy Global Practice. These are people in regular — almost daily — contact with the government and private sector in the world’s key emerging markets and low-income countries.
Their workdays are occupied by the challenge of improving energy services for millions of people in developing countries while also reaching the 1.2 billion people in the world still waiting for any electricity connection. And the challenge is to do this in ways that are sustainable for economies, people and the environment.
1. In terms of technology breakthroughs, at the top of everyone’s list: energy storage.
Cities are the engines of growth
People congregate in cities to share ideas, create businesses and build better lives. Urban centers have always been the hearts of economies, driving growth and creating jobs. But cities also strain under the burden, their transport and utility arteries often overloaded with the pressure of supporting rapid urbanization and development. While only around 30 percent of Kenyans have access to electricity, around 60 percent of all electricity is consumed in the country’s capital, Nairobi.
As a result, access to energy can be both costly and unreliable. In many fast-growing cities, the demand for energy outstrips both total supply and the capacity of the grid to deliver that energy to businesses and households. Blackouts are a typical result and they are costly and dangerous. Energy generation is also often very inefficient. As such, energy efficiency holds a big opportunity for reducing wasted energy resources, freeing up financial resources for private and public actors, and reducing the carbon footprints of the mentioned cities.
We’re doing a lot of talking and listening here at COP 20 in Lima about climate finance – how hundreds of billions of dollars were invested globally last year to clean up the air, get efficient energy to more people, make agriculture more productive, and build resilience to extreme weather events.
We all know and acknowledge much more still needs to be done – the International Energy Agency and others believe we need at least $1 trillion dollars of new investment each year to address climate change.
There’s no way that public money alone can meet that goal. We need to find ways to catalyze the limited public funds we have to unlock private investment. That, of course, means investors need to have the confidence that the right policies are in place to make long-term investments for the climate.
She and leaders of governments, companies and organizations like the World Bank Group were gathered to pledge record amounts of finance and country-level actions to tackle the insidious health and environmental challenges posed by the simple act of cooking.
Growing up in India, I have always been conscious of the daily grind that women and girls in remote, rural areas go through just to prepare one meal. There’s the long, arduous and sometimes dangerous walk to get firewood, sticks or charcoal – whatever one can afford to find or buy. There’s the walk home, loaded down with that fuel. This can take up to five hours in rural areas – time that could be spent at school, work or building a small enterprise. And then of course, there’s the time spent breathing in smoke as they cook an often simple meal of bread, rice, lentils or vegetables. In India alone, more than one million deaths a year are attributed to traditional cooking practices - a shocking figure by any reckoning.
We’re about 16 months away from the 2015 UN climate meeting in Paris, intended to reach an ambitious global agreement on climate change. Now, more than ever, there is a need for innovation to scale up climate action.
The Bank’s Carbon Partnership Facility (CPF) is helping blaze that trail.
The role of the CPF is to innovate in scaling up carbon crediting programs that promote sustainable, low-carbon economic growth in developing countries. In its first set of programs, the CPF moved past the project-by-project approach to larger scale through the Clean Development Mechanism’s Programme of Activities, catalyzing investment in methane capture from landfills, small-scale renewable energy, and energy efficiency.
In January, World Bank Group President Jim Yong Kim urged the audience at the World Economic Forum in Davos to look closely at a young, promising form of finance for climate-smart development: green bonds. The green bond market had surpassed US$10 billion in new bonds during 2013. President Kim called for doubling that number by the UN Secretary-General's Climate Summit in September.
Just a few days ago—well ahead of the September summit—the market blew past the US$20 billion mark when the German development bank KfW issued a 1.5 billion Euro green bond to support its renewable energy program.
If you go to a conference on cities and climate change, you inevitably hear the statement that “countries talk…but cities act”. This message was loud and clear at the C40 Cities Climate Leadership Summit in Johannesburg last month, where a new report released by the C40 and ARUP detailed the 8000+ initiatives that C40 member cities are undertaking to either reduce GHG emissions or increase their climate resilience. Since the first such report came out in 2011, more cities are reporting on their efforts, and those reporting are doing ever more, expanding the array of initiatives they have launched.