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Press release 08.04.2019

Civil society urge the World Bank to increase investments in distributed renewable energy

In a public letter to the World Bank Group, civil society organisations urge the World Bank Group (WBG) to increase the levels and pace of investments in distributed renewable energy to provide clean energy access for the poorest people. According to over 30 civil society groups who signed the letter, the WBG has a key role to play in boosting public finance and technical support to client countries to help remove barriers and incentivise additional investment in renewables. They further state that this would demonstrate the WBG’s leadership on reducing poverty, promoting energy for all, transitioning to net zero emissions and inclusive economic growth. It would also show the WBG as a responsible financier, responding to increasing demand for low-cost renewables, especially off-grid renewables, to achieve clean energy for all.

For the full letter and list of signatories click here