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International energy lending: who funds fossil fuels, who funds energy access for the poor?

  • Sung Kim
  • Johannes Urpelainen

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    Energy demand is surging in the developing world, and international organizations play an important role in the funding of energy projects. However, there is virtually no empirical analysis of how different organizations choose their project portfolios. This article examines the energy funding of different international organizations, with a particular focus on the World Bank’s International Development Association (IDA) and International Finance Corporation (IFC). We use data on 888 projects in 128 recipient countries funded by nine major international organizations during the years 2008–2011. Relative to other organizations, the IDA is found to invest less in fossil fuels and more in projects that improve energy access for the poorest people. The IFC emphasizes fossil fuels while downplaying the importance of energy access. Overall, fossil fuels now receive only a minority of energy funding. However, energy access is only emphasized in a tiny minority of projects. Copyright Springer Science+Business Media Dordrecht 2013

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    File URL: http://hdl.handle.net/10.1007/s10784-012-9197-7
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    Article provided by Springer in its journal International Environmental Agreements: Politics, Law and Economics.

    Volume (Year): 13 (2013)
    Issue (Month): 4 (November)
    Pages: 411-423

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    Handle: RePEc:spr:ieaple:v:13:y:2013:i:4:p:411-423
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    1. Winkler, Harald & Simões, André Felipe & Rovere, Emilio Lèbre la & Alam, Mozaharul & Rahman, Atiq & Mwakasonda, Stanford, 2011. "Access and Affordability of Electricity in Developing Countries," World Development, Elsevier, vol. 39(6), pages 1037-1050, June.
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    6. Unruh, Gregory C., 2002. "Escaping carbon lock-in," Energy Policy, Elsevier, vol. 30(4), pages 317-325, March.
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    8. Chakrabarti, Snigdha & Chakrabarti, Subhendu, 2002. "Rural electrification programme with solar energy in remote region-a case study in an island," Energy Policy, Elsevier, vol. 30(1), pages 33-42, January.
    9. Srivastava, Leena & Rehman, I.H., 2006. "Energy for sustainable development in India: Linkages and strategic direction," Energy Policy, Elsevier, vol. 34(5), pages 643-654, March.
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