Energy use is both the major contributor to global greenhouse gas emissions and a vital component of both sustainable development and economic growth. While high-carbon energy may help address concerns such as energy security in the short-term, in the long run, its related climate and health impacts are likely to aggravate the challenges that countries face in meeting their citizens' basic material needs at reasonable cost.
The latest report by South Pole Group and the Climate Policy Initiative shows that by integrating social, environmental, and climate goals into strategy development and project assessments, development banks can meet climate goals in a cost-efficient manner.
Key findings include
