Wheeler argued in Congressional testimony last summer that the use of scarce resources to fund coal projects in poor countries to tackle climate change makes little sense. Instead he proposed pushing down the costs of near-zero-carbon renewables, such as solar and wind, by strategically investing in projects that will accelerate learning and economies of scale. CGD and others have repeatedly made these arguments, both directly to the World Bank and to the U.S. government and other potential donors to the CTF. It seems that the U.S. Congress has been listening. Too bad the same thing can’t be said for executives at the World Bank.
Energy and Environment Clean energy - The bill provides $100,000,000 for programs and activities that reduce global warming by promoting the sustainable use of renewable energy technologies and energy efficient end-use technologies, carbon sequestration, and carbon accounting. Given the growing demand for energy in developing countries and concern with climate change, USAID is strongly encouraged to strengthen the capacity of its staff with expertise in these issues.
CGD blog posts reflect the views of the authors, drawing on prior research and experience in their areas of expertise. CGD is a nonpartisan, independent organization and does not take institutional positions.