The Clean Energy for Development Investment Framework is a
World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
initiative to help developing countries reduce carbon emissions while increasing their ability to generate electricity.
The initiative was a response to the
G8 request for an Investment Framework on
Climate Change
Present-day climate change includes both global warming—the ongoing increase in Global surface temperature, global average temperature—and its wider effects on Earth's climate system. Climate variability and change, Climate change in ...
, Clean Energy and Sustainable Development, in the context of the
Gleneagles Communique which was issued in July 2005. The World Bank presented the outlines of key elements associated with such a work program in April 2006 in a paper titled "Clean Energy and Development: Towards an Investment Framework”. The World Bank reported progress on this work at the Annual Meetings in Singapore in September 2006 in a document titled “An Investment Framework for Clean Energy and Development: A Progress Report.” An Action Plan was completed and presented to the Board in March 2007.
The Clean Energy Investment Framework is built on three pillars:
#Scaling-up energy access to
Sub-Saharan Africa
Sub-Saharan Africa is the area and regions of the continent of Africa that lie south of the Sahara. These include Central Africa, East Africa, Southern Africa, and West Africa. Geopolitically, in addition to the list of sovereign states and ...
;
#Promoting the transition to a
low carbon economy, while respecting the circumstances of individual developing countries and without hindering their economic growth; and,
#
Adaptation
In biology, adaptation has three related meanings. Firstly, it is the dynamic evolutionary process of natural selection that fits organisms to their environment, enhancing their evolutionary fitness. Secondly, it is a state reached by the p ...
to climate variability and change.
References
External links
World Bank website on climate change agenda“Clean Energy and Development: Towards an Investment Framework”.“An Investment Framework for Clean Energy and Development: A Progress Report.”
{{DEFAULTSORT:Clean Energy For Development Investment Framework
World Bank
Energy policy in Africa
Climate change adaptation
Low-carbon economy