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WB announces new initiative on energy efficiency
The World Bank (WB) has announced a new initiative to help cities in developing countries integrate energy efficiency into their strategic planning and operations to improve public services, lessen pressure on municipal budgets, and reduce pollution and greenhouse gas (GHG) emissions
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he World Bank (WB) has announced a new initiative to help cities in developing countries integrate energy efficiency into their strategic planning and operations to improve public services, lessen pressure on municipal budgets, and reduce pollution and greenhouse gas (GHG) emissions.
The City Energy Efficiency Transformation Initiative (CEETI) will work with city administrations to facilitate promising energy efficiency investments, match cities with sources of financing and build the capacity of officials to get projects off the ground.
The initial three-year phase of the initiative, led by the WB's Energy Sector Management Assistance Program (ESMAP), will work with up to 50 cities to achieve substantial cost and energy savings through efficiency projects.
'Energy efficiency will be critical to the competitiveness of cities as well as to their economic profile,' Rachel Kyte, vice president of the WB's Sustainable Development Network, said in an official release.
'Finding ways to achieve efficiency in transport, energy and real estate will make cities cleaner and more livable and will help attract jobs and investment.'
CEETI was announced at CitiSense, a WB event on urban innovation targeted at senior city representatives that was held in conjunction with the Barcelona Smart City Expo World Congress.
In its first year, CEETI will offer hands-on training for city officials on how to identify opportunities, create energy efficiency plans, and finance and implement programs. The latter part of the initiative will focus on helping cities develop investment plans, and match them with sources of financing.
These activities will be paired with knowledge sharing between cities that have successfully implemented energy efficiency programs, and cities that are just getting started.
The US$9 million initiative is a joint effort of ESMAP, working in collaboration with the World Bank's Information and Communication Technologies Unit (ICT) and the World Bank Institute (WBI).
