November 9, 2011
Renewables Almost A Quarter Of World Bank's Energy Lending
The World Bank Group’s renewable energy portfolio increased from a total of $3.1 billion between fiscal years 2008-09 to $4.9 billion in 2010-11. Given the simultaneous expansion of the overall energy portfolio during the same period, the renewable energy proportion rose from 20% to 23%.
The absolute dollar figures will decline in coming years as the Bank Group’s overall portfolio contracts after the extraordinary level of fiscal crisis lending in 2009 and 2010. But even amid year-to-year fluctuations, continued adoption of pro-growth, pro-poor and climate-resilient policies by countries will likely reinforce their interest in renewable energy financing from the Bank Group.
Read More >>
Keywords: Climate-resilient Policies, Economic Geography, Home, Renewable Energy, The World Bank