Why Is The World Bank Failing On Energy Poverty?

World Bank energy investments are categorically failing to end energy poverty. That's the stark finding of a new report released by Sierra Club and Oil Change International which measures how multilateral development banks (MDB) fare on their efforts to end energy poverty. The report benchmarked recent MDB investments in clean energy access against the breakdown of needed investment called for in the International Energy Agency's (IEA) "Energy for All" scenario. In that scenario, universal energy access is achieved by 2030. As it stands, if the "Energy for All" scenario is going to succeed, it will require 64 percent of all new investments be used to fund the fastest, cheapest, and most effective source of energy that will help energy poor populations get on to the energy ladder. That source of energy? Distributed off-grid and mini-grid clean energy systems for those living Beyond the Grid.  Please continue reading from: Why Is The World Bank Failing On Energy Poverty?