The global energy economy is facing a crisis in terms of lack of capital, social inequity and environmental degradation. New and renewable energy technologies, coupled with major improvements in the efficiency of energy services, are increasingly able to form part of a solution to this crisis.
The World Bank, and other Multilateral Development Banks (MDBs), are the main source of public funds for energy investments. As "lenders of last resort", and as banks for "reconstruction and development", the MDBs are mandated to accept larger risks than commercial banks. This means that the MDBs are in a position to lead the way in the transition to sustainable energy supply and use by taking on board the financial risks associated with opening markets for new and renewable energy technologies.
The MDBs have a history of concentrating on large-scale, capital intensive energy expansion projects in their lending operations. Increasingly, they are also recognizing the need to promote sustainable energy, and are taking various initiatives to do this. However, it is apparent that these initiatives are barely influencing current MDB energy operations, which are still strongly biased towards supply-oriented and fossil-fuel based investments. Moreover, there is no significant trend in the MDBs project pipelines to indicate that reforms are taking hold.
Overview and Aims
The MDB-Energy Project was initiated in June, 1996 by a group of 21 non-governmental organizations (NGOs) from Latin America, Africa, Asia and Central & Eastern Europe. The overall goal of the project is to make a long term contribution to efforts that reorient the energy sector investments of the MDBs towards sustainable energy.
The MDB-Energy Project aims to:
The MDB Energy Project: Partner Organizations
Under the MDB Energy Project, 21 NGOs have joined together in an informal, international network to support independent monitoring and evaluation of MDB energy policies and operations across the globe.
Regional Coordinating Organizations and National Focal Points in Africa, Asia, Central & Eastern Europe, and Latin America are served by an International Secretariat, based in the Netherlands.
Organizations participating in the project include:
For more information, please contact:
Regional Coordinator, MDB-Energy Project Legal Rights and Natural Resources Center, Inc.
CENTRAL & EASTERN EUROPE (CEE)
LATIN AMERICA & CARRIBEAN
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