The United Nations and the World Bank have announced a concerted effort by governments, international agencies, civil society and the private sector to scale up efforts to provide sustainable energy to all, with Secretary-General Ban Ki-moon calling for massive new investments in the face of a rising “global thermostat.”
“Sustainable energy is the golden thread that connects economic growth, social equity, a stable climate and a healthy environment,” he told reporters after co-chairing with World Bank Group President Jim Yong Kim a meeting of the Advisory Board of his Sustainable Energy For All initiative, in which he called for action in four areas: finance, energy access, energy efficiency and renewable energy. The global thermostat is rising, threatening development goals and economies small and large. It is clear that we need a transformation in how we produce, use and share energy.
Mr. Kim stressed that financing is key, with $600 billion to $800 billion a year needed from now until 2030 to reach the goals for access to energy, energy efficiency, and renewable energy.
“We are now starting in countries in which demand for action is most urgent,” he said. “In some of these countries, only one in 10 people has access to electricity. It is time for that to change.”