Sentences with phrase «multilateral development bank energy»
Notably, of the fossil fuel - based projects across the four multilateral development bank energy portfolios, only one percent (by dollar amount) included provisions aimed at increasing access for the poor.
http://priceofoil.org/ Not exact matches
We note the significant progress made by the multilateral development banks on the Clean Energy Investment Framework (CEIF) agreed at Gleneagles and welcome their joint level of ambition to mobilize public and private investments of over US$ 100 billion up to 2010 from within existing resources.
Meanwhile, low cost financing for hybrid projects may be made available through the Indian Renewable Energy Development Agency (IREDA) and other financial institutions including multilateral banks.
On average, public finance institutions controlled by G20 governments, along with multilateral development banks such as the World Bank Group, provide $ 71.8 billion per year in public finance for fossil fuels, and only $ 18.7 billion in public finance for clean energy (figure taken from from the report Talk is Cheap: How G20 Governments are Financing Climate Disaster, July 2017, available here).
Both briefings are part of the Big Shift Campaign, a global effort composed of dozens of civil society organizations encouraging government - backed multilateral development banks to reinforce the aims of the Paris Agreement and commit to a shift from fossil fuel finance to clean energy finance.
More specifically it focuses on the efforts the WBG is making to work in partnership with the private sector to leverage its resources, since the WBG, despite being one of the largest multilateral development bank lenders for energy, can meet only a small part of the investment needed.
Jeffrey Rector is a partner at Sheppard Mullin specializing in sustainability focused project finance for domestic and international transactions involving clean energy, water, and other infrastructure projects and in advising export credit agencies and multilateral development banks on project finance transactions.