World Bank trust fund ESMAP will provide support for domestic market, while IFC will support private sector investment in CCUS.
UN official and civil society criticise World Bank and other MDBs for lack of ambition at COP26.
Plan lacks detail in key areas, including concrete commitments to end fossil fuels support.
Bank’s lofty projections for oil-based growth contradict more sober estimates that account for uncertainty in sector.
Bank support facilitated $1 billion in private investment in LNG on the island, despite the green credentials of natural gas being widely debunked.
Case continues troubling trend of increased ISDS claims from fossil fuel industry.
The Bank’s new Africa energy strategy offers it an important chance to mainstream achieving SDG7 into its energy lending on the continent.
Law firm contracted under World Bank technical assistance apparently backs out after CSOs expose links to ExxonMobil.
Civil society voices concern about continued support for fossil gas under the policy.
Alex Mould says guarantee included commitment to sign four ‘take or pay’ contracts with independent power producers.
World Bank’s backed energy reforms in Nigeria set to raise electricity prices further despite amid Covid-19 pandemic.
Move comes after concerted civil society campaign calling for ‘fossil-free EIB’.
Notes from the Civil Society Policy Forum event on 10 April, which looked at sustainable infrastructure from fiscal, rights and climate lenses.
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.
A June petition signed by more than 120,000 people called on IFIs, “to immediately stop funding for projects that are located in protected areas.”
