World Bank

World Bank Our vision is to create a world free of poverty on a livable planet. Our vision is create a world free of poverty on a livable planet.

09/30/2025

๐Œ๐ข๐ฌ๐ฌ๐ข๐จ๐ง ๐Ÿ‘๐ŸŽ๐ŸŽ is about more than bringing energy to Africa: itโ€™s about bringing jobs, enterprise, and dignity. Electricity is the foundation for opportunity, and with our partners, weโ€™re committed to delivering it at scale. Learn more: http://wrld.bg/ICwY50X2vKc

โ˜‘๏ธ With the right policies, developing economies can ๐›๐จ๐จ๐ฌ๐ญ ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ. This book highlights the criticality of good busi...
09/29/2025

โ˜‘๏ธ With the right policies, developing economies can ๐›๐จ๐จ๐ฌ๐ญ ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ. This book highlights the criticality of good business and governance conditions to attract private investment. It underscores the need for credible fiscal and monetary frameworks and well-targeted public investment. It also stresses the importance of international cooperation to mobilize finance. Reigniting investment is not just a domestic challenge but a global imperative.

This book presents the World Bankโ€™s most comprehensive assessment yet of investment in developing economies. It explores why investment matters,...

09/29/2025

The ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฌ๐š๐ง๐ข๐ญ๐š๐ญ๐ข๐จ๐ง ๐œ๐ซ๐ข๐ฌ๐ข๐ฌ is one of the most pressing public health challenges today, affecting billions of people worldwide. A recent World Bank's report explores urgent pathways for action to ensure access to clean water and proper sanitation for all. Download it now: http://wrld.bg/7zX650X1PxC

09/29/2025

๐Ÿž๏ธ ๐๐‘๐Ž๐“๐„๐‚๐“ ๐“๐Ž ๐๐‘๐Ž๐’๐๐„๐‘: ๐‡๐Ž๐– ๐๐€๐“๐”๐‘๐„-๐๐€๐’๐„๐ƒ ๐“๐Ž๐”๐‘๐ˆ๐’๐Œ ๐ƒ๐‘๐ˆ๐•๐„๐’ ๐‰๐Ž๐๐’ ๐€๐๐ƒ ๐†๐‘๐Ž๐–๐“๐‡

That selfie you took on an idyllic white sand beach, in a sprawling city park, or atop a mountain range at sunset? Itโ€™s more than just a photo of you. It reflects natureโ€™s magnetic pull on people across the world and its role in fueling global tourism.

๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐ข๐ฌ ๐š ๐ฏ๐ข๐ญ๐š๐ฅ ๐๐ซ๐ข๐ฏ๐ž๐ซ ๐จ๐Ÿ ๐ž๐œ๐จ๐ง๐จ๐ฆ๐ข๐œ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก, serving as a powerful engine for job creation and poverty reduction. Globally, the sector contributes over 10 percent of gross domestic product and supports 370 million jobs, more than half of which are filled by women and young people. This makes tourism one of the worldโ€™s largest and fastest growing industries.

Tourismโ€™s economic benefits are connected to environmental quality. Visitors often avoid polluted beaches, toxic air, and lifeless coral. Healthy ecosystems and biodiversity, on the other hand, can attract tourists and are also key to sustainable livelihoods on a livable planet.

By drawing on the value of landscapes and seascapes, wildlife, and natural heritage, ๐ง๐š๐ญ๐ฎ๐ซ๐ž-๐›๐š๐ฌ๐ž๐ ๐ญ๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐จ๐Ÿ๐Ÿ๐ž๐ซ๐ฌ ๐š๐ง ๐ž๐ง๐จ๐ซ๐ฆ๐จ๐ฎ๐ฌ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ to align local economic development with conservation goals and a cleaner environment that benefits both local people and visitors. Ultimately, nature-based tourism is a triple win: It protects biodiversity, creates meaningful jobs, and generates strong economic returns.

This is not a niche industry. Nature-based tourism drives around 8 billion visits each year to protected areas, covering 17 percent of the worldโ€™s land and 8 percent of its marine areas. These visits deliver substantial economic benefits, with local household income multipliers of approximately $2 to $5 for every tourist dollar spent.

In many countries, nature-based tourism makes up ๐š ๐ฌ๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐ฌ๐ก๐š๐ซ๐ž ๐จ๐Ÿ ๐จ๐ฏ๐ž๐ซ๐š๐ฅ๐ฅ ๐ž๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐ž๐ง๐ญ. In 2018, for instance, it accounted for 8 percent of total employment in Uganda and estimates show it could provide 10 percent of total jobs in Lao Peopleโ€™s Democratic Republic. Even the smallest investments can have an outsized impact. For example, $352,000 of financing in Madagascarโ€™s Nosy Tanikely Marine National Park generated $23.2 million in economic benefits for surrounding communities.

Many of these jobs are high quality and centered around rural workers, helping countries diversify rural incomes, meaningfully engage local communities, and create stronger incentives for conservation and environmental risk management. Developing countries are increasingly capitalizing on this trend by investing in their natural assets, strengthening institutions, and building a skilled workforce.

To help accelerate these opportunities, the World Bank Group is supporting countries to take ๐š๐ง ๐ข๐ง๐ญ๐ž๐ ๐ซ๐š๐ญ๐ž๐ ๐š๐ฉ๐ฉ๐ซ๐จ๐š๐œ๐ก ๐ญ๐ก๐š๐ญ ๐œ๐จ๐ง๐ง๐ž๐œ๐ญ๐ฌ ๐œ๐จ๐ง๐ฌ๐ž๐ซ๐ฏ๐š๐ญ๐ข๐จ๐ง, ๐œ๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ, ๐š๐ง๐ ๐œ๐š๐ฉ๐ข๐ญ๐š๐ฅ. For example, in the Lao PDR, Amphai Mookchantai, the young owner of the Phosy Thalang hotel, received support to upgrade her facilities and expand her team and guide services into the adjacent Nakai Nam Theun National Park. This allowed her to double her business. Through such investments, local entrepreneurs and businesses can grow and enhance conservation-friendly tourism products.

Still, much more remains to be done. While the potential of nature-based tourism is immense, many countries face significant barriers, particularly when it comes to creating enabling policy foundations, attracting private investment, and managing natural capital and other assets.

Another key part of investing in nature involves investing in people. Market-led vocational training and education programs are essential to build a skilled workforce that can meet the growing demand for high-quality, nature-based tourism experiences.

Early engagement with the private sector is also critical, complemented by thoughtful regulatory reform. This approach ensures public investments align with market demand, while providing businesses with the stable and transparent rules they need to invest with confidence and manage operations sustainably.

Pollution and environmental degradation are also severely undermining tourism opportunities. As countries develop their tourism sectors, they are increasingly aware that natural capital cannot be taken for granted. Effective policies and practices to mitigate environmental risks play an essential role in this journey.

While nature-based tourism is just one part of a countryโ€™s broader tourism strategy, it must be developed hand in hand with other sectors, including cultural and heritage tourism. Together, these interconnected elements can create ๐š ๐ฆ๐จ๐ซ๐ž ๐›๐š๐ฅ๐š๐ง๐œ๐ž๐ ๐š๐ง๐ ๐ฌ๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ, one that entrepreneurs like Amphai are already helping to build.

Amphaiโ€™s story is one that can be replicated. To fully unlock the potential of nature-based tourism, policy makers, private sector leaders, communities, and development partners must come together to form strong partnerships that expand opportunities, scale impact, and ensure that nature is a driver of smart, inclusive development.

โœ๏ธ ๐˜‰๐˜บ ๐˜‘๐˜ถ๐˜ฆ๐˜ณ๐˜จ๐˜ฆ๐˜ฏ ๐˜๐˜ฐ๐˜ฆ๐˜จ๐˜ฆ๐˜ญ๐˜ฆ, ๐˜๐˜ช๐˜ค๐˜ฆ ๐˜—๐˜ณ๐˜ฆ๐˜ด๐˜ช๐˜ฅ๐˜ฆ๐˜ฏ๐˜ต ๐˜ง๐˜ฐ๐˜ณ ๐˜ต๐˜ฉ๐˜ฆ ๐˜—๐˜ญ๐˜ข๐˜ฏ๐˜ฆ๐˜ต ๐˜๐˜ช๐˜ค๐˜ฆ ๐˜—๐˜ณ๐˜ฆ๐˜ด๐˜ช๐˜ฅ๐˜ฆ๐˜ฏ๐˜ค๐˜บ ๐˜ข๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜ž๐˜ฐ๐˜ณ๐˜ญ๐˜ฅ ๐˜‰๐˜ข๐˜ฏ๐˜ฌ

โŒ ๐…๐จ๐จ๐ ๐ข๐ง๐ฌ๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ remains a critical issue affecting millions of people across the Middle East, North Africa, Afghanista...
09/29/2025

โŒ ๐…๐จ๐จ๐ ๐ข๐ง๐ฌ๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ remains a critical issue affecting millions of people across the Middle East, North Africa, Afghanistan, and Pakistan. More insights and innovations in data monitoring in this blog: http://wrld.bg/FcXW50X3a41
โžค The region faces a wide range of food security challengesโ€”from acute conflict-related humanitarian crises in some areas to affordability concerns in others, and from high levels of economic prosperity to accompanying nutritional deficits.
โžค The food system experiences frequent shocks and extreme events, including droughts that exacerbate severe water scarcity and economic crises with high inflation on key staples.
โžค While some countries are major exporters of agricultural and energy products, others rely almost entirely on imports, creating a complex web of interdependencies and systemic vulnerabilities across this dynamic region.

The region faces a wide range of food security challengesโ€”from acute conflict-related humanitarian crises in some areas to affordability concerns...

For developing countries that want to maximize the gains from ๐ข๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฅ๐š๐›๐จ๐ซ ๐ฆ๐จ๐›๐ข๐ฅ๐ข๐ญ๐ฒ, it is paramount to:โœ”๏ธ Invest...
09/28/2025

For developing countries that want to maximize the gains from ๐ข๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฅ๐š๐›๐จ๐ซ ๐ฆ๐จ๐›๐ข๐ฅ๐ข๐ญ๐ฒ, it is paramount to:
โœ”๏ธ Invest in education and training: Prioritize investments in education and technical training to enhance skill levels and meet global labor market demands.
โœ”๏ธ Collaborate with receiving countries: Strengthen partnerships with higher-income countries to align training programs with labor market needs and ensure financial sustainability.
โœ”๏ธ Mitigate brain drain: Implement strategies to retain talent within the country while benefiting from knowledge transfer through international labor mobility.

Global Skill Partnerships are bilateral training and mobility agreements between sending and higher-income receiving countries, designed to meet...

09/28/2025

๐Ÿ—ž๏ธ ๐–๐„๐„๐Š๐‹๐˜ ๐”๐๐ƒ๐€๐“๐„

๐๐„๐– ๐‚๐Ž๐Œ๐Œ๐ˆ๐“๐Œ๐„๐๐“๐’ ๐“๐Ž ๐’๐‚๐€๐‹๐„ ๐”๐ ๐„๐‹๐„๐‚๐“๐‘๐ˆ๐‚๐ˆ๐“๐˜ ๐€๐‚๐‚๐„๐’๐’. Seventeen African countries have committed to actionable plans to expand electricity access as part of Mission 300. These new agreements will guide public spending, trigger reforms, and attract private capital. http://wrld.bg/pl1150X39H4

๐†๐‹๐Ž๐๐€๐‹ ๐๐Ž๐‘๐“ ๐๐„๐‘๐…๐Ž๐‘๐Œ๐€๐๐‚๐„ ๐“๐‘๐„๐๐ƒ๐’: ๐–๐‡๐€๐“'๐’ ๐‚๐‡๐€๐๐†๐„๐ƒ? A new report shows that global port performance declined overall between 2020 and 2024, despite regional differences, due to the Red Sea crisis, challenges at the Panama Canal, and pandemic-related shocks. http://wrld.bg/TAEf50X39H6

๐‡๐Ž๐– ๐๐€๐“๐”๐‘๐„-๐๐€๐’๐„๐ƒ ๐“๐Ž๐”๐‘๐ˆ๐’๐Œ ๐ƒ๐‘๐ˆ๐•๐„๐’ ๐‰๐Ž๐๐’ ๐€๐๐ƒ ๐†๐‘๐Ž๐–๐“๐‡. Nature-based tourism offers a powerful triple win for countries: It protects biodiversity, creates meaningful jobs, and delivers strong economic returns. http://wrld.bg/EPty50X39H8

๐”๐๐†๐‘๐€๐ƒ๐ˆ๐๐† ๐๐”๐’๐ˆ๐๐„๐’๐’๐„๐’ ๐…๐Ž๐‘ ๐Œ๐Ž๐‘๐„ ๐€๐๐ƒ ๐Œ๐Ž๐ƒ๐„๐‘๐ ๐‰๐Ž๐๐’. New International Finance Corporation (IFC) research looks at how tailored business upgrading programs can drive firm growth, boost profits, create jobs, and transform emerging market economies. http://wrld.bg/kPP550X39H2

๐Œ๐Ž๐‘๐„ ๐๐„๐–๐’. World Bank Group accelerates support for Argentinaโ€™s growth agenda / New World Bank program helps Zambia increase jobs through inclusive digital access / World Bank establishes regional hub for Middle East, North Africa, Afghanistan, and Pakistan in Riyadh. http://wrld.bg/5Ccu50X39H3

๐˜š๐˜ช๐˜จ๐˜ฏ ๐˜ถ๐˜ฑ ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ž๐˜ฐ๐˜ณ๐˜ญ๐˜ฅ ๐˜‰๐˜ข๐˜ฏ๐˜ฌ ๐˜Ž๐˜ณ๐˜ฐ๐˜ถ๐˜ฑ ๐˜ž๐˜ฆ๐˜ฆ๐˜ฌ๐˜ญ๐˜บ ๐˜œ๐˜ฑ๐˜ฅ๐˜ข๐˜ต๐˜ฆ๐˜ด! ๐˜•๐˜ฆ๐˜ธ๐˜ด, ๐˜ด๐˜ต๐˜ฐ๐˜ณ๐˜ช๐˜ฆ๐˜ด, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ถ๐˜ฑ๐˜ฅ๐˜ข๐˜ต๐˜ฆ๐˜ด ๐˜ฐ๐˜ฏ ๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜ณ๐˜ฏ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ข๐˜ญ ๐˜ฅ๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜ด๐˜ต๐˜ณ๐˜ข๐˜ช๐˜จ๐˜ฉ๐˜ต ๐˜ต๐˜ฐ ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ช๐˜ฏ๐˜ฃ๐˜ฐ๐˜น. http://wrld.bg/30ai50X39H9

๐Ÿ—จ๏ธ Here are some advice and tips from current ๐–๐จ๐ซ๐ฅ๐ ๐๐š๐ง๐ค ๐†๐ซ๐จ๐ฎ๐ฉ ๐˜๐จ๐ฎ๐ง๐  ๐๐ซ๐จ๐Ÿ๐ž๐ฌ๐ฌ๐ข๐จ๐ง๐š๐ฅ๐ฌ! If you have between 2 and 6 years of...
09/28/2025

๐Ÿ—จ๏ธ Here are some advice and tips from current ๐–๐จ๐ซ๐ฅ๐ ๐๐š๐ง๐ค ๐†๐ซ๐จ๐ฎ๐ฉ ๐˜๐จ๐ฎ๐ง๐  ๐๐ซ๐จ๐Ÿ๐ž๐ฌ๐ฌ๐ข๐จ๐ง๐š๐ฅ๐ฌ! If you have between 2 and 6 years of professional work experience, will be completing your masterโ€™s degree or PhD before September 2026, and have a passion for international development... then this is the perfect professional opportunity for you!

"I applied to the World Bank Group Young Professionals Program to work with governments and communities on the most pressing development challenges that they face. Think carefully about the skills and experience youโ€™ve gained so far, how they align with the World Bankโ€™s mission, and communicate them clearly and confidently." Otto Williams ๐Ÿ‡ธ๐Ÿ‡ช

"The World Bank Group Young Professionals Program gave me the opportunity to work on energy transition in West Africa, a different region than my own. When preparing for your application, make sure to look at the World Bank Group's mission and recent initiatives which are tailoring the future of the institution." Rebeca De Bakker Doctors ๐Ÿ‡ง๐Ÿ‡ท

"This summer, I visited a village in Ethiopia where a woman explained how she presides over the customary court in her community. Now I am working on how to help those courts work better. When applying to the Young Professionals Program, be bold but humble. Show what you care about and what you are good at. Yet be curiousโ€”vulnerable to be wrong, willing to learn and grow." Sayed Madadi ๐Ÿ‡ฆ๐Ÿ‡ซ

"One of the things I like most about the Young Professionals Program is being able to work with colleagues from all over the world, creating a truly multicultural environment. When you apply, make sure you not only highlight technical skills, but your commitment to leadership, learning, and global collaboration." Blessing Farounbi ๐Ÿ‡ณ๐Ÿ‡ฌ

"I joined the Young Professionals Program because I wanted to play a part and contribute to the Bank's mission to end extreme poverty and boost shared prosperity on a livable planet. Stay connected to your motivation. Remind yourself why this opportunity matters to you and believe in your ability to succeed." Thiha Myat ๐Ÿ‡ฒ๐Ÿ‡ฒ

Apply now to the World Bank Group Young Professionals Program! ๐‹๐€๐’๐“ ๐ƒ๐€๐˜๐’ ๐Ž๐… ๐’๐”๐๐Œ๐ˆ๐’๐’๐ˆ๐Ž๐๐’ โžก๏ธ http://wrld.bg/psPX50X1QfP (Deadline: September 30).

09/28/2025

From recovery to resilience to bridge-building, Croatia๐Ÿ‡ญ๐Ÿ‡ท has become a connector between nations. Six years ago, it became a donor to IDA - World Bank Group. This year, Croatia announced a 115% increase in the countryโ€™s contribution โ€“ an extraordinary commitment to the worldโ€™s 78 lowest-income countries. Croatiaโ€™s journey is proof that ๐ฌ๐จ๐ฅ๐ข๐๐š๐ซ๐ข๐ญ๐ฒ ๐ค๐ง๐จ๐ฐ๐ฌ ๐ง๐จ ๐›๐จ๐ซ๐๐ž๐ซ๐ฌ. Watch this inspiring video!

๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐ž๐ญ ๐ž๐ฑ๐œ๐ก๐š๐ง๐ ๐ž ๐ฉ๐จ๐ข๐ง๐ญ๐ฌ (IXP) are physical structures that facilitate connection to global internet traffic, while data...
09/27/2025

๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐ž๐ญ ๐ž๐ฑ๐œ๐ก๐š๐ง๐ ๐ž ๐ฉ๐จ๐ข๐ง๐ญ๐ฌ (IXP) are physical structures that facilitate connection to global internet traffic, while data centers store and process data. They are crucial for enabling cloud computing, big data analytics, and AI.

In 2022, ๐ก๐ข๐ ๐ก-๐ข๐ง๐œ๐จ๐ฆ๐ž ๐œ๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐ž๐ฌ accounted for around 60 percent of public IXP globally and nearly three-quarters of connected data centers, compared to 2 percent in the Middle East and North Africa region and 7 percent in Sub-Saharan Africa. Some 51 countries and territories, representing 5 percent of the worldโ€™s population, do not have any IXP access.

โžก๏ธ Explore more ๐ข๐ง๐๐ข๐œ๐š๐ญ๐จ๐ซ๐ฌ ๐จ๐ง ๐ก๐จ๐ฐ ๐๐ข๐ ๐ข๐ญ๐š๐ฅ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง is advancing, or not, across the globe: http://wrld.bg/wg6C50X3aaS

How can location-specific factors impact womenโ€™s employment opportunities? Enroll in the new edition of this ๐Ÿ๐ซ๐ž๐ž ๐จ๐ง๐ฅ๐ข๐ง๐ž...
09/27/2025

How can location-specific factors impact womenโ€™s employment opportunities? Enroll in the new edition of this ๐Ÿ๐ซ๐ž๐ž ๐จ๐ง๐ฅ๐ข๐ง๐ž ๐œ๐จ๐ฎ๐ซ๐ฌ๐ž and connect with experts from around the world.

The course โ€œGeographic Considerations in Evaluating Womenโ€™s Employment Opportunitiesโ€ equips participants with a comprehensive understanding of how geographic factors influence women's access to employment and business opportunities. Through a series of engaging modules, the course examines th...

09/27/2025

๐Ÿ’ฌ ๐๐Ž๐–๐„๐‘๐ˆ๐๐† ๐Œ๐Ž๐‘๐„ ๐–๐ˆ๐“๐‡ ๐‹๐„๐’๐’: ๐€๐‹๐‹ ๐˜๐Ž๐” ๐๐„๐„๐ƒ ๐“๐Ž ๐Š๐๐Ž๐– ๐€๐๐Ž๐”๐“ ๐„๐๐„๐‘๐†๐˜ ๐„๐…๐…๐ˆ๐‚๐ˆ๐„๐๐‚๐˜

Energy efficiency doesnโ€™t just save moneyโ€”it also drives growth and creates jobs. In 2022 alone, energy efficiency became the largest employer in the energy sectorโ€”supporting nearly 11 million jobsโ€”from manufacturing and construction to installation and training. So, what needs to happen for the world to reap the rewards of becoming more energy efficient? In the latest episode of ๐“๐ก๐ž ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ ๐๐จ๐๐œ๐š๐ฌ๐ญ, we talked with Jas Singh from the World Bank Group, who's the lead author of Power More with Less: Scaling Up Energy Efficiency for Growth and Energy Security, and with Melanie Slade from the International Energy Agency (IEA). Here's a sneak peek!

๐‡๐จ๐ฐ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐ฒ๐จ๐ฎ ๐ฏ๐ž๐ซ๐ฒ ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐š๐ข๐ง ๐ž๐ง๐ž๐ซ๐ ๐ฒ ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐œ๐ฒ ๐š๐ญ ๐ญ๐ก๐ž ๐ฆ๐จ๐ฌ๐ญ ๐ฉ๐ซ๐š๐œ๐ญ๐ข๐œ๐š๐ฅ ๐ฅ๐ž๐ฏ๐ž๐ฅ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐Ÿ๐ซ๐ข๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐Ÿ๐š๐ฆ๐ข๐ฅ๐ฒ?

Jas Singh (WBG): Energy efficiency is basically using less energy to provide the same level of service. And I often explain it with a simple light bulb. We've had one light bulb for the last 100 years, this incandescent light bulb. It used typically about 100 watts to deliver a certain amount of light. And today you can buy an LED, which looks very similar. It uses about 10 to 12 watts. So we can get the same light for about 1/10 of what we could before, and if you just expand this to cars and to appliances and to machinery and everything else, how much more we can do with much less energy than we're using today.

๐‡๐จ๐ฐ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฐ๐จ๐ซ๐ฅ๐ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐๐จ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ž๐ซ๐ฆ๐ฌ ๐จ๐Ÿ ๐ž๐ง๐ž๐ซ๐ ๐ฒ ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐œ๐ฒ?

Melanie Slade (IEA): So this is the difficult one. Unfortunately, we're not doing as well as we'd like to be. The intensity of energy efficiency improvements only about 1% a year at the moment, and we need it to be up to 4%. But the good news is that we do have all the technologies we need to be able to do this. We don't have to wait for anything. And we've taken a look back at how countries have performed. We note that many, many countries, big economies have improved at a rate of 4% a year in the past, and some have done it persistently. So the good news is that it's doable, but we do need to make sure that we have the right policy environment in place to demand more efficiency, to drive more efficiency, but also to drive investment in efficiency as well.

๐–๐ก๐ฒ ๐š๐ซ๐ž๐ง'๐ญ ๐ฐ๐ž ๐ฆ๐š๐ค๐ข๐ง๐  ๐›๐ž๐ญ๐ญ๐ž๐ซ ๐ฎ๐ฌ๐ž ๐จ๐Ÿ ๐ฐ๐ก๐š๐ญ ๐ฐ๐ž ๐ก๐š๐ฏ๐ž?

Jas Singh (WBG): I think consumers and businesses find it very hard to be more efficient because they're not always sure what to do and they don't always have the means to do it. Consumers may not have the financing that they need to pay for efficient appliances and equipment that may cost more than regular equipment. They may be faced with a wide variety of options to choose from, and it's not always easy to decide which one is going to provide the best efficiency. There may be other information that's lacking. They don't know how much energy it's going to save. They're not sure if the cost of the investment's going to pay back over time. So economists call these market failures, and the job of the government and World Bank and others is to help overcome those barriers by providing information to consumers, by providing affordable and accessible financing to make it easier for consumers to make the right decisions that are best for them.

๐–๐ก๐š๐ญ ๐š๐ซ๐ž ๐ฌ๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐›๐ž๐ง๐ž๐Ÿ๐ข๐ญ๐ฌ ๐ญ๐จ ๐ซ๐š๐ข๐ฌ๐ข๐ง๐  ๐จ๐ฎ๐ซ ๐ ๐š๐ฆ๐ž ๐จ๐ง ๐ž๐ง๐ž๐ซ๐ ๐ฒ ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐œ๐ฒ?

Melanie Slade (IEA): Energy efficiency does many things for us. It improves energy security, which is really important to governments. It's incredibly important at the moment in this troubled world that we're living in. We like to point out, as Jas said, that energy efficiency is the one fuel that every country has in abundance. It's a homegrown fuel. It makes energy bills more affordable for people so that we have less unrest, perhaps. It makes businesses more competitive, so they keep on adding value, they keep on protecting jobs. Energy efficient jobs are often really long-term local jobs as well, which is obviously very important to governments. And there's really good evidence to say that more comfortable workplaces make people more productive, more comfortable learning environments make students more successful. And in some countries there's even good evidence to show that insulating people's houses and draft-proofing, weather-proofing houses reduces medical bills. There's a whole raft of these things. What we try to do is whenever we talk to a government is where are they at at this moment in time? What's really driving them? And then provide the evidence for those particular benefits.

๐ŸŽง ๐‹๐ˆ๐’๐“๐„๐ ๐“๐Ž ๐“๐‡๐„ ๐๐Ž๐ƒ๐‚๐€๐’๐“ ๐๐Ž๐–: http://wrld.bg/lIVt50X39YP

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