Clean Energy for Development Investment Framework : Progress Report on the World Bank Group Action Plan

During the 2007 spring meetings, the development committee endorsed the World Bank Group's action plan on the Clean Energy Investment Framework (CEIF). This progress report is a response to the committee's request for an update on the implementation of the action plan for the annual meetings in October 2007. It summarizes accomplishments in the three areas of the action plan: 1) energy for growth, with a particular emphasis on access to energy in Sub-Saharan Africa; 2) transition to a low-carbon development trajectory; and 3) adaptation to the impacts of climate change. This report also outlines an approach to scaling up actions on climate change and provides a review of options to further reduce the financial barriers to support low-carbon and adaptive growth in developing countries. This Progress Report provides an update on the implementation of the CEIF action plan.