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A new publication jointly produced by the IFC and World Bank provides a detailed look at how these organizations are fostering increased private sector investment in clean energy technologies and services. The report, "Catalyzing Private Investment For A Low-Carbon Economy: World Bank Group Progress on Renewable Energy and Energy Efficiency in Fiscal 2007," documents the increase in World Bank Group (WBG) lending for clean energy in fiscal year 2007 (July 2006-July 2007). During that period, clean energy funding jumped by two-thirds to US$1.43 billion -- 40 percent of total WBG energy-related lending. Noting that the total resources of the WBG are extremely modest relative to the scale of investment required to meet the growing demand for energy in developing countries, the report focuses on examples of IFC and World Bank projects that are helping to transform markets and leverage much greater private sector investment in clean energy. Numerous case studies and detailed supporting information are provided in chapters focused on solar energy, energy efficiency investments, and sustainable hydropower.

Click here for the report.

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