Climate Change and the World Bank
Group : Phase One - An Evaluation of World Bank Win-Win
Energy Policy Reforms

This evaluation is the first of a series
that seeks lessons from the World Bank Group's
experience on how to carve out a sustainable growth path.
The World Bank Group has never had an explicit corporate
strategy on climate change against which evaluative
assessments could be made. However, a premise of this
evaluation series is that many of the climate-oriented
policies and investments under discussion have close
analogues in the past, and thus can be assessed, whether or
not they were explicitly oriented to climate change
mitigation. Two sets of win-win policies are perennial
topics of discussion in the energy sector: reduction in
subsidies and energy-efficiency policies, particularly those
relating to end- user efficiency. This report looks at
these, and at another apparently win-win topic: gas flaring.
Flaring is interesting because of its magnitude, the links
to pricing policy and to carbon finance, and the existence
of the World Bank-led initiative to reduce flaring.