RE & poverty reduction - financing issues. Bonn, 12 September 2006 Kirsty Hamilton. Renewables & financing. Context: developing countries & energy – oil prices exacerbating economic damage Financing: some background relevant to role of public and private finance
RE & poverty reduction - financing issues
Bonn, 12 September 2006
“Oil Price Shocks Mean Historic Wealth Transfer”
Tues 26 Oct 2004, from Press Association
Jeffrey D. Lewis, manager of international finance research,World Bank:…without emergency funding, much of the [World Bank’s] 2.5 billion dollars aid to struggling nations this year  will have to be reallocated to fuel purchases by local governments, leaving health and education programs grossly underfunded or scrapped altogether.
ESMAP [World Bank] study; contains survey of 131 countries to assess impact of oil shocks –
The Impact of Higher Oil Prices on Low Income Countries and on the Poor.
This investment will be key to CO2 trajectory