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Multilateral Financing for Biofuels. Judy Siegel President, Energy and Security Group. Presentation Overview. World Bank Inter-American Development Bank Areas for Collaboration with IFAD. The World Bank Group. World Bank Group. World Bank and Clean Energy.

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multilateral financing for biofuels

Multilateral Financing for Biofuels

Judy Siegel

President, Energy and Security Group

presentation overview
Presentation Overview
  • World Bank
  • Inter-American Development Bank
  • Areas for Collaboration with IFAD
world bank and clean energy
World Bank and Clean Energy
  • WB is actively supporting clean energy technology solutions that bring about a truly diverse bioenergy mix, not focused solely on fuels
  • Since 1990, The World Bank Group committed more than US$11 billion to RE/EE in LDCs
  • Support for RE/EE rose to 1.4 billion dollars in FY 2007, reaching 40% of total energy sector commitment
  • Committed $2.5 billion for new RE/EE from June 2004 to December 2007
    • Exceeding their Bonn commitment 1.5 years ahead of schedule
world bank and biofuels
World Bank and Biofuels
  • Bank has long held a view of conditional & cautious support for biofuels
    • Consistent since their assessment 3 years ago, on the commercial viability of biofuels for transport in developing countries
  • Bank acknowledges in some cases, biofuels do promise benefits such as:
    • Lower greenhouse gas and local air pollution emissions,
    • Energy diversification
    • Economically least cost compared to conventional fuels.
  • Bank’s approach to biofuels has been cautious, due to manifold environmental & economic impacts accompanying large scale development
  • Sustainability concerns include:
    • Biofuel production impact on the cost of staple food grains
    • High lifecycle GHG emissions associated with intensive cultivation of some biofuel feedstocks and fuels processing
    • Ecological impact of land-use changes
    • Competition for scarce water resources; biofuel production in some cases channels water away from other productive activities.
benefits and costs of biofuels
Benefits and Costs of Biofuels
  • Benefits and costs of biofuel development are largely site and circumstance specific
  • There is a crucial need for more research to:
    • Inform the development of biofuels
    • Determine range of technologies/feedstock best suited to varying economic, environmental and social endowments
  • Bank supports expanded R&D in sustainable biofuels, especially:
    • Second generation fuel production systems, to include cellulosic materials and agricultural wastes that do not compete with food
    • Realizing the potential of second generation feedstock to utilize marginal lands for production without bringing about large land-use and water use changes
    • Enabling developing countries and small-scale farmers to profit from the resulting technologies
  • Also concerned about trade, standards and certification issues
    • Particularly as they affect developing countries
the way forward for the world bank
The Way Forward for The World Bank
  • Given the many uncertainties regarding biofuel benefits/costs, The Bank will continue to be cautious
  • Will put more emphasis into R&D leading to a better understanding of a more effective strategy for biofuels.
  • Will support governments to assess economic, environmental, and social benefits and the various options available for enhancing energy security, before making large scale decisions and reforms
    • Current wisdom on biofuels can be enriched by doing country and region-specific analyses of agriculture, land- and water-use and trade impacts
    • More feedstock-specific studies of energy balances and lifecycle GHG and the development of new processing technologies would also add to understanding of the potential of different biofuels
  • More emphasis and investment needs to be directed towards improving that state of R&D of second generation fuels to make them economically viable and competitive with other fuel alternatives in the future.
    • Will need to involve the private sector
idb jatropha activities
IDB Jatropha Activities
  • IDB has a couple of private sector projects on jatropha in the pipeline, but none approved yet
  • IDB also has a:
    • A small study being developed on jatropha in Haiti
    • Larger study with Fundacion Getulio Vargas (FGV) of Brazil looking at range of feedstocks
areas for multi lateral collaboration with ifad
Areas for Multi-lateral Collaboration with IFAD
  • Joint research on feedstock development and processing
  • Assessment of biofuels development on:
    • Cost of staple food grains, GHG emissions, impact of land use change, water impacts, etc.
  • Pro-poor impacts of biofuels development
    • Including opportunities for rural off-farm employment and enterprise development
  • Policy development
  • Trades, standards, certification issues
  • Land ownership
  • Project co-financing
  • Above activities needed at national and regional levels