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
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