Offshore wind—harvested by turbines anchored in the ocean - can provide a large scale, affordable renewable energy source allowing the shift away from coal and fossil-based power in many regions by 2050. The transition to more renewable energy would allow climate change mitigation, energy security, reducing the dependency on fossil fuel imports, local air pollution, and creating new jobs. The Rising Tide of Offshore Wind is in a series of publications by the International Finance Corporation, a member of the World Bank Group.
As CCREEE works with Trinidad and Tobago's Ministry of Energy to establish an Integrated Resource and Resilience Plan (IRRP), Ms Anita Hankey, Acting Head of the Renewable Energy Division speaks to the importance of the plan for this CARICOM Member State. CCREEE is also working with other Member States to establish IRRPs.
Although oil production is just starting in Guyana, the Government of Guyana is well aware that fossil fuels are a finite resource and do not last forever. It therefore continues to take a strategic approach to the development of a sustainable and cleaner energy sector, and the Guyana Energy Agency (GEA) is considering energy efficiency measurements as a tool for strengthening energy security, securing a long-term reduction in greenhouse gas emissions and increasing revenue and cost savings. With the support of the Regional Observatory on Sustainable Energies (ROSE), GEA has built a database of energy efficiency indicators that allows for...
The energy sector worldwide faces growing challenges related to rising demand, efficiency, changing supply and demand patterns, and a lack of analytics needed for optimal management. These challenges are more acute in emerging market nations. Efficiency issues are particularly problematic, as the prevalence of informal connections to the power grid means a large amount of power is neither measured nor billed, resulting in losses as well as greater CO2 emissions, as consumers have little incentive to rationally use energy they don’t pay for. The power sector in developed nations has already begun to use artificial intelligence and related technologies that...
Energy efficiency is among the cheapest, cleanest, and most widely available of energy resources. Improved energy efficiency provides opportunities to sustainably expand energy services and support development and economic growth, contributing to higher living standards, as well as reducing greenhouse gas emissions. In developing countries, where demand for energy is growing rapidly, the potential for energy efficiency improvements is significant, particularly in the residential sector. The purpose of this guide is to raise awareness of behavioral approaches to achieving development outcomes, demonstrate the role that behavioral sciences can play in promoting energy efficiency, and provide guidance on how to integrate...
The ongoing transformation of the global energy sector is opening possibilities for many developing countries to reach their energy access and service delivery goals in a lower cost, more sustainable manner, while combating climate change. New technologies, and new ways of using existing technologies such as geospatial data systems, smart grids, and smart meters are helping to develop resilient energy infrastructure and operate it more efficiently. These developments, combined with major cost reductions in renewable energy and storage solutions are presenting a strong prospect of a complete re-orientation of the energy sector towards a more decentralized, decarbonized and digitalized path....
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This report elucidates the role of financial innovation in the off-grid solar sector and provides a roadmap for practitioners, financiers, and entrepreneurs navigating capital raises for companies active in the sector. It examines a full range of established and frontier financing options. It illustrates that some technology-enabled financial innovations, such as peer-to-peer business lending, are already playing an important role in the sector. It was prepared by the World Bank Group and the Cambridge Centre for Alternative Finance, the University of Cambridge Judge Business School, with support from ESMAP.
The Energy Division of the Ministry of Energy and Water Resources of Barbados developed a database that allows for analysis of energy efficiency indicators and the impact of policies on trends in these indicators for different sectors of the country. This data will form the baseline of the energy efficiency campaign launched by the Energy Division and evidence-based policy development. In addition, this exercise is expected to strengthen the institutional capacity to collect, collate and analyse energy efficiency data. This report analyses the information collected for the main sectors of the country, including energy, industry, transportation, agriculture and services, as...
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This handbook seeks to raise awareness among utility managers, decision makers, and other stakeholders of the benefits of developing robust O&M strategies for all existing hydropower plants and those under development. Unlike many other forms of generation, the cost of implementing a robust O&M strategy for hydropower accounts for a relatively small percentage of the value of electricity generated. However, failure to implement adequate and sufficient O&M can result in very high costs due to increased losses of production (direct and indirect) and higher needs for rehabilitation and equipment replacement. Hence carrying out appropriate O&M strategies and related programs has...
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