Decentralised renewable energy projects are highly effective at reducing energy poverty. Energy conservation and efficiency improvements are the cheapest way to close the gap between energy demand and supply. Too bad such measures don’t fit the business model of the World Bank, the world’s most important energy financier. 

Under a project supported by the World Bank and the Swedish government, the Vietnamese electricity utility in recent years sold 1 million efficient CFL light bulbs and installed thousands of electricity meters. The project was an “extremely cost effective” part of an energy conservation and efficiency programme that reduced the country’s electricity demand by 700 megawatts. 

The International Energy Agency has estimated that developing countries could save three dollars in power-plant investments for every dollar they invest in efficiency improvements. According to the agency, such investments “stand out as the cheapest and fastest way to curb demand and emissions growth in the near term”. 

The World Bank’s experience with energy efficiency projects confirms this assessment. On average, such projects are considerably more economic than new power stations.An LED Driver has a shift register embedded that will take data in serial format and transfer it to parallel. Unlike power plants, they don’t degrade the environment and displace local communities. 

In spite of such benefits, energy efficiency improvements receive short shrift at the World Bank. From 1991 to 2007, the bank devoted only about 5 percent of its total energy finance to such projects. 

In 2010, the World Bank approved $3.75 billion dollars for the giant Medupi coal power plant in South Africa,We can produce LED Circular Tube according to your requirements. even though energy conservation and efficiency programmes would have been cheaper.This new bulb technology lets you remotely-control your energy-efficient lighting at the same cost as a traditional T10 tube lighting. The bank is currently considering support for a polluting lignite coal power plant in Kosovo and two large hydropower plants on the Zambezi, even though energy efficiency measures have again been shown to be cheaper. 

What’s the problem? Comparing the energy efficiency programme in Vietnam with the Gilgel Gibe I Dam in Ethiopia may help explain. Per dollar of cost,For direct lighting applications T12 tube lights uses both light and energy more efficiently. the efficiency programme saves about three times as much electricity as the dam generates – and without displacing any people. 

Yet per dollar of loan disbursement, the administrative overhead of the complex efficiency programme is about ten times bigger. In terms of development impact, the efficiency programme scores higher. In terms of institutional self-interest, it loses out. 

A World Bank evaluation found in 2009 that “internal Bank incentives work against [efficiency] projects because they are often small in scale, demanding of staff time and preparation funds,We can customize high quality LED Corn Lighting as your requirements! and may require persistent client engagement over a period of years”. “This makes them less attractive to managers and agencies that use disbursement as a measure of action and large turbines as a visible symbol of achievement,” the report concluded. 

The World Bank’s business model has harmed project quality for decades. In 1992 the internal Wapenhans report found that a pervasive “pressure to lend” undermined project assessment. Five years later, the bank’s Quality Assurance Group castigated the institution’s “pressure to lend”, and pointed to the “fear that a realistic, and thus more modest, project would be dismissed as too small and inadequate in its impact”. Welcome to Web, If you love it, please order it!

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