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.
The official website for the Energy and Utilities Department in the Turks and Caicos Islands.
Energy efficiency is seen more often as a means of reducing energy consumption and costs than as a way to expand the production of goods and services. But it can help raise a company’s manufacturing capacity, improve the quantity and quality of a city’s water supply, and provide more heating and cooling to improve attendance and learning in schools - all while keeping energy costs down. It is important to recognize such benefits of energy efficiency for low- and middle-income countries - and to factor them into economic assessments of projects and programs. Keywords: Energy; energy sector management assistance; maintenance...
Energy is central to addressing almost every major challenge and opportunity in the region, whether it be reducing poverty, producing and cooking food, boosting employment, improving security, using digital services or raising incomes. However, the current energy model with its heavy use of fossil fuels jeopardizes environmental equilibrium, as it is a major contributor to greenhouse gas (GHG) emissions. Sustainable Development Goal (SDG) 7 seeks to ensure access to affordable, secure, sustainable and modern energy. To this end it sets three targets, the first concerning access to energy, the second energy renewability and the third energy efficiency. In what follows,...
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ESMAP’s Annual Report 2018 represents a comprehensive summary of the breadth and reach of ESMAP’s portfolio of activities. It provides snapshots of concrete results to illustrate the impact of ESMAP’s work as it helps countries strengthen the performance of their energy sectors. In 2018, ESMAP informed USD 8.6 billion in World Bank development financing and mobilized USD 7 billion in external financing. ESMAP also launched and disseminated key knowledge products to help shape global energy policy, trigger reform, and increase smart investments in the sector. Keywords: mini grid; offshore wind; poverty and social impact analysis; Access to Electricity; Clean Technology...
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....
Energy is at the heart of development. It makes possible the investments, innovations, human capital development, and new industries that are the engines of jobs, inclusive growth, and shared prosperity for entire economies. At the same time, the world faces the existential challenge of global climate change. The World Bank’s ability to respond to energy challenges and client demand has been supported by the Energy Sector Management Assistance Program (ESMAP). This year, an additional global crisis arrived in the form of the COVID-19 pandemic. As the World Bank pivoted to provide an emergency response, the challenge for its energy sector...
Energy transitions are underway in many countries, with a significant global increase in the use of wind and solar power playing a key role. To integrate renewable resources into grids, energy storage will be key. Storage will allow for the increased use of wind and solar power, which can not only increase access to power in developing countries, but also increase the resilience of energy systems. Energy storage solutions can also improve grid reliability, stability, and power quality which are essential to promoting the productive uses of energy. This brief on energy storage partnership focuses on its performance as of...
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