2024-07-24
http://w3.windfair.us/wind-energy/news/43894-world-bank-energy-transition-transformation-energy-sector-developing-country-infrastructure-efficiency-renewable-energy-phasing-down-coal

World Bank proposes new framework for energy transition in emerging countries

The new framework for this energy transition proposed by the World Bank is titled 'Scaling Up to Phase Down'.

Official Press Release World Bank:

Scaling Up to Phase Down: Financing Energy Transition in Developing Countries

Energy transition in developing countries will require an unprecedented transformation of the power sector infrastructure, with scaling up of energy efficiency and renewable energy as well as a phasing down of coal-fired power generation. The new framework for this energy transition proposed by the World Bank, titled “Scaling Up to Phase Down”, serves as a roadmap to identify financing challenges and develop a comprehensive financing approach.

Without the means to fund an energy transition and network infrastructure, developing countries often pay more for electricity; they cannot access energy efficiency or renewable energy projects, and are locked into fossil fuel projects with high and volatile costs. In essence, they face a triple penalty for their energy transition that... ... More: Official Press Release World Bank

Keywords:
World Bank, energy transition, transformation, energy sector, developing country, infrastructure, efficiency, renewable energy, phasing down, coal







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