Climate Change and the World Bank Group: Phase I - A Evaluation of World Bank Win-Win Energy Policy Reforms

Climate change threatens to derail development, even as development pumps ever-greater quantities of carbon dioxide into an atmosphere already polluted with two centuries of Western emissions. The World Bank, with a newly-articulated Strategic Framework on Development and Climate Change, must confront these entangled threats in helping its clients to carve out a sustainable growth path. This report examines two that have long been discussed but are more relevant than ever in light of record energy prices: removal of energy subsidies and promotion of end- user energy efficiency. Energy subsidies are expensive, damage the climate, and disproportionately benefit the well- off. Their reduction can encourage energy efficiency, increase the attractiveness of renewable energy, and allow more resources to flow to poor people and to investments in cleaner power. Though subsidy reduction is never easy, the Bank has a record of accomplishment in this area, especially in the transition countries

Area of Evaluation: 

Mitigation

Thematic Cluster: 

Organizational sector evaluation

Theme of Evaluation: 

Other Energy

GEF Funding: 

Yes

Level of Evaluation: 

Global

Region: 

Global

Type of Evaluation: 

Sector Evaluation

Institution: 

World Bank

Evaluation Author: 

Independent Evaluation Group

Year of Evaluation: 

2009