The World Bank on April 17 asked countries to create a viable energy investment climate. The multilateral lending agency is pitching for a revolution in the global energy policy. This was conveyed by the World Bank president Jim Yong Kim in a video message to the two-day Clean Energy Ministerial meet in Delhi.
The nations need energy policy revolution and have to advocate for change for the right policy, the right pricing and the right condition for viable clean energy investments, Jim Yong Kim said. Kim, who could not attend the meet here due to the World Bank and IMF Spring meet in Washington, said clean energy was very much on the agenda of the Bank which was committed to double the contribution of clean energy to global energy mix to 36 per cent by 2030.
He added that clean energy is very much on our agenda. The World Bank is very committed to scale up renewable, clean energy from the current 18 per cent of the global energy mix to at least 36 per cent by 2030. The World Bank is also committed to double the rate of improvement of energy efficiency, Kim said.
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