The Bank’s new Africa energy strategy offers it an important chance to mainstream achieving SDG7 into its energy lending on the continent.
New energy policy sees European Investment Bank end support for unabated coal, oil and gas from 2021.
Move comes after concerted civil society campaign calling for ‘fossil-free EIB’.
Bank’s $3.75 billion loan in 2010 has failed to deliver reliable energy to South African users, despite eye-watering cost overruns.
Bank commissions energy options study, which will explore alternate electricity sources.
Community representatives involved in a World Bank Inspection Panel complaint have been targeted with a court injunction by a Bank-funded company.
CAO audit finds IFC failed to identify gaps in project’s social and environmental assessment, while communities impacted by the project face impacts on water source, livelihoods and levels of violence.
A new civil society report criticises the World Bank for not doing enough to help meet Sustainable Energy for All (SEforAll) objective of achieving universal energy access by 2030.
Notes from a meeting at the IMF/World Bank 2017 spring meetings on energy access.
The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.