World Bank Voices
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Our Energy Directions Paper provides answers to several of the questions here (online at On fossil fuels, the World Bank Group finances greenfield coal only in rare circumstances where there are no viable alternative energy sources or financing available. We are exploring several ways to reduce greenhouse gas emissions from the energy sector, including investment in renewable energy, off-grid, and energy efficiency. While CCS has the potential to curb greenhouse gas emissions, costs are currently prohibitive in most circumstances. We manage a CCS trust fund with a work program that includes developing regional regulatory frameworks and assessing economic and financial instruments, and supporting for pilot and demonstration activities. Innovation, as a few commenters mention, is crucial across sustainable development as we deal with climate change, including in the generation, transmission, and use of energy. 

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