The Clean Energy Investment Framework (CEIF)

The G8 Gleneagles Summit in Scotland two yearsthe CEIF, will be a background paper for
ago asked the World Bank to produce a roadmapdiscussion in the Development Committee at the
for accelerating investments in clean energy forWorld Bank - IMF Spring Meetings in April 2007.
the developing world, in cooperation with theTowards a Low Carbon Development Path
other international financial institutions.Moving to a low carbon path will require a
The Clean Energy Investment Framework (CEIF)long-term equitable global regulatory framework
identifies the scale of investments neededto reduce greenhouse emissions - a framework:in
to:increase access to energy, especially inwhich rich countries show leadership by supporting
Sub-Saharan Africa;accelerate transition to a lowdeveloping countries in exchange for the global
carbon economy; andadapt to climate variabilitybenefit of greener, smarter growth;that provides
and change.certainty to stimulate research and development
According to the Framework, the power sectorin transformational technologies; andthat allows
needs $165 billion in investments each year thiscarbon markets to thrive and bring financial flows
decade. Only about half of that is financed. Tensto developing countries to the tune of $100 billion
of billions of US $ per year are also required towithin a few decades.1 According to Yvo de Boer,
cover the incremental costs of transitioning to aExecutive Secretary of the United Nations
low carbon economy.Framework Convention on Climate Change
A CEIF Action Plan, which provides an update of(UNFCCC), these financial flows could go a very
work undertaken to date as well as actionslong way towards addressing climate change in
planned by the World Bank Group in support ofdeveloping countries.