By witnessradio.org Team
30 civil society organizations from around the world are demanding that the World Bank must cease investing in fossil fuels, scale up investments in decentralized renewable energy, and expand finance for energy access, including clean cooking, while embedding these efforts in a much wider ‘just recovery’ from the COVID-19 crisis, that can serve as a bridge to a ‘just transition’ to a zero-carbon future, more generally.
The demands are being raised in an ongoing discussions around World Bank’s engagement in the African continent to support borrowing countries energy sector represents a huge opportunity for the Bank to walk the talk when it comes to climate solutions and increasing the Bank’s share in supporting energy access projects, given the existing global financing gap for energy access, particularly for the least cost solutions needed by people living in energy poverty (SEforALL, 2019).
Letter To World Bank Executive Directors
