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|Written by Our Senior Staff ??|
|Sunday, 02 June 2013 21:21|
| A World Bank report has revealed that about 1.2 billion people almost the population of India don?t have access to electricity, 2.8 billion have to rely on wood or other biomass to cook and heat their homes, renewable energy accounts for 18 percent of the global energy mix, and the largest energy savings and greatest expansion of renewable happened in China. |
A release said these are just some of the findings of a unique new report by a multi-agency team led by the World Bank.
The report, compiled by experts from 15 agencies, is the first of a series to monitor progress towards the three objectives of the Sustainable Energy for All initiative, launched in 2011 by United Nations Secretary General Ban Ki-moon.
The initiative, whose advisory board is co-chaired by World Bank Group President Jim Yong Kim, is mobilizing a global coalition of governments, private sector and civil society to achieve, by 2030, its three objectives of universal access, doubled renewable and doubled energy efficiency improvement.
The report puts numbers to those three objectives and identifies what needs to change where and how to do it.
?Demand continues to outpace supply of electricity: That electricity needs to be affordable, and generated more and more in a sustainable way, and used more efficiently,? said World Bank Vice President Rachel Kyte, during the launch of the report.
According to the report, about 80 percent of those without access to modern energy live in rural areas, noting that although 1.7 billion people gained access to electricity between 1990 and 2010, this is only slightly ahead of population growth of 1.6 billion over the same period. It stressed that the pace of expansion will have to double to meet the 100 percent access target by 2030.
The reports finds only ?modest? progress since 1990 on expanding access to electricity and clean household fuels, increasing the share of renewable energy and improving energy efficiency.
Twenty countries in Asia and Africa account for about two-thirds those without access to electricity and three-quarters of those who use solid fuels?wood, charcoal, animal and crop waste, and coal to cook or heat their homes.
The study also calculates that renewable energy accounted for 18 percent of the global energy mix in 2010, and that the improvement rate of energy efficiency, described by a compound annual growth rate of energy intensity (CAGR), was 1.3 percent between 1990 and 2010.
Twenty so-called ?high-impact? countries identified in the report as accounting for 80 percent of energy consumption will need to lead the way on doubling the share of renewable to 36 percent of the global energy mix and doubling energy efficiency.
The report further said decisive action is needed to achieve these goals including more than doubled energy investments, as well as ?a comprehensive package of policy measures, fiscal, financial and economic incentives, phasing out fossil fuel subsidies, and pricing of carbon.?
The report shows that China has recorded the largest energy savings and greatest expansion in renewable energy globally. India has electrified an annual average of 24 million people and provided 20 million a year with access to modern cooking and heating fuels since 1990.
?In the report, we refer to high-impact countries that offer the most potential to make rapid progress towards the goals,? said Vivien Foster, Energy Sector Manager at the World Bank, who led the report team. ?This report suggests that they can draw lessons from the experience of what we call fast-moving countries. Interestingly, China and India fall in both categories.?
It also called on countries, international organizations, private sector investors and civil society to increase energy investments focused on the three objectives by at least $600 billion a year until 2030, more than doubling the current estimated $409 billion. The additional $600 billion would include $45 billion for electricity expansion, US$4.4 billion on modern cooking, and US$394 billion in energy efficiency, and 174 billion on renewable energy.