Last updated on: 11/14/2008 | Author:

World Bank Biography

Not Clearly Pro or Con to the question "Can Alternative Energy Effectively Replace Fossil Fuels?"

“Energy price volatility, supply uncertainties, and environmental concerns are leading many countries to give greater consideration to alternatives such as renewable energy and energy efficiency that can provide affordable energy services and enhance energy security and reliability in an environmentally sustainable manner. Nevertheless, renewable energy resources remain an underused resource in many developing countries, even though commercial maturity and cost competitiveness of renewable energy technologies (RETs) have improved significantly. The energy efficiency potential remains largely untapped in developing countries, though it is often the least costly and fastest way to enhance energy supplies. Recognizing the important role played by renewable energy and energy efficiency in development, the World Bank Group (WBG) has made renewables and energy efficiency an integral part of its energy strategy as it strives to support sustainable economic development in its partner countries.”

“Improving Lives: World Bank Group Progress on Renewable Energy and Energy Efficiency,”, Dec. 2006


“The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the common sense. We are made up of two unique development institutions owned by 185 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

Each institution plays a different but collaborative role to advance the vision of an inclusive and sustainable globalization. The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. Together we provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management.”

“About Us,” (accessed Nov. 11, 2008)


“To fight poverty with passion and professionalism for lasting results. To help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors.”

“About Us: Challenge,” (accessed Nov. 11, 2008)

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Quoted in:
  1. Is Biofuel Production a Major Cause of the World Food Crisis?