this together as a force for good. i m very pleased that we are discussing the initiative when the center has put it together for us and to me, this gathering here represents the philosophy that we are trying bring today, the sustainable energy for all. this is the kind of partnership. the leaders in this room, this is what is needed to look at this issue and see what solutions we can come up with. the world bank has been associated with sustainable energy from the days that secretary general annan started the initiative. we are one of the founding members of this with the u.n. and our president is very common to this. we embrace this strongly and are finding ways in which were achieving the goals. i just want to make four points in my opening remarks, what does it mean in terms of achieving access to acleaving electrification for $1.3 billion? and to start with that, if you look around the world, where are these $1.3 billion located? you can see most are in africa. about 580
good morning. it s a great delight to be here. center for global development and climate advisers. are going a great job putting this together as a force for good. i m very pleased that we are discussing the initiative when the center has put it together for us and to me, this gathering here represents the philosophy that we are trying bring today, the sustainable energy for all. this is the kind of partnership. the leaders in this room, this is what is needed to look at this issue and see what solutions we can come up with. the world bank has been associated with sustainable energy from the days that secretary general annan started the initiative. we are one of the founding members of this with the u.n. and our president is very common to this. we embrace this strongly and are finding ways in which were achieving the goals. i just want to make four points in my opening remarks, what does it mean in terms of achieving access to acleaving electrification for $1.3 billion? an
lighting and initiatives that are being moved forward. so these are the kinds of things that we re trying to do. and so the final word i ll say here, because i m close to the end of my time, we now need to figure out how to transform this into viable financial channels. and so the issue here, some of the ideas that nigel put on the table are very productive. but here is something that we need to give real thought to. in the end, what we have to do is get money to projects. if we in particular let s think about the small-scale projects. and when we think about those projects, you have to think about how do you guarantee, how do you give investors insurance that they re going to be technically viable? how do you insure there is consistently? how do you assure that there can be serviced? how do you assure that they can repay the loans that they get? how do you assure that the financial intermediaries that might give them loans have capability and adequate capitalization? how do
institutes for maize and wheat was created in mexico. in 1972 a suggestion was made, i think by morris strong, who had been the secretary general of the stockholm conference and canadian, that the united nations, the world bank actually take over the secretariat and the funding for what then became a series of these institutes designed to promote seed development, food productivity in all parts of the world. secretary general of the of the world bank then was robert mcnamara. he embraced this program. and there emerged something called the consultative group on international agricultural research. my expectation, climate works expectation for the conference in rio, is to create a consultative group on low emissions development. if that is done, climate works will commit to substantial matching funding of the initial outlays made by the world bank and international aid and development organizations. that is a very specific commitment, sense of expectation, and i think a ver
create practices in the industry that can radically change and transform how this industry operates. and so if you can imagine similar things like that and gas flaring, in building codes, because most of the buildings that are going to economist in 2030 and 2050 haven t been built yet, or in lighting, solar lighting and initiatives that are being moved forward. so these are the kinds of things that we re trying to do. and so the final word i ll say here, because i m close to the end of my time, we now need to figure out how to transform this into viable financial channels. and so the issue here, some of the ideas that nigel put on the table are very productive. but here is something that we need to give real thought to. in the end, what we have to do is get money to projects. if we in particular let s think about the small-scale projects. and when we think about those projects, you have to think about how do you guarantee, how do you give investors insurance that they re goin