Hear in-depth conversations with the world’s top energy and climate leaders from government, business, academia, and civil society.

Columbia Energy Exchange

The World Bank and Energy Poverty

Freeing the world of poverty is the predominant goal of the World Bank, one of the largest sources of funding and knowledge for developing countries. And one of the most important factors in achieving that objective is providing reliable and affordable electricity to the more than 1 billion people around the world who lack it now.

In this episode of the Columbia Energy Exchange, host Bill Loveless talks to Riccardo Puliti, the top energy official at the World Bank. As a senior director and head of the Energy and Extractives Global Practice at the bank, Riccardo leads a team of 400 professionals who develop policies and financing in these industries, with a portfolio of some $40 billion.

Bill and Riccardo met recently at his office at World Bank headquarters in Washington, two years after their first conversation on the Columbia Energy Exchange, when Riccardo was still new to the job. They talked about what’s happened since then, including stepped-up efforts at the bank to promote access to renewable energy in remote regions like Africa and Southeast Asia and to address the threats of climate change.

Always an optimist, Riccardo finds satisfaction in the progress that’s been made to expand access to cleaner types of energy, though he acknowledges more needs to be done. And he’s keen on the potential of new technologies like energy storage. But he also makes clear the bank’s concerns over climate change, whose potential impact is of growing concern to nations around the world.

Of course, he and Bill were meeting as the World Bank awaits a new president, following the resignation of Jim Yong Kim earlier this year and the Trump administration’s nomination of David Malpass, an official at the U.S. Treasury Department, to replace him. Will energy and climate policies change under the bank’s new leadership? Not surprisingly, Riccardo responded carefully, saying, “We have to wait until the new president comes and then see what kind of dialogue takes place.”

Prior to joining the World Bank, Riccardo was the managing director in charge of energy and extractive industries at the European Bank for Reconstruction and Development. He started his career at Istituto Mobiliare Italiano in 1987 before moving to Banque Indosuez and NM Rothschild where he worked in equity capital markets, always in the energy and infrastructure sectors.

More Episodes

January 24, 2023 Podcasts Columbia Energy Exchange

Clean Energy Tech: A New Industrial Age Dawns

Bill Loveless with Timur Gül 37 min

This week host Bill Loveless talks with Timur Gül, head of the Energy Technology Policy Division at the International Energy Agency and leads the Energy Technology Perspectives report.

January 24, 2023
Explore topic

Critical Minerals

Critical minerals—such as aluminum, copper, lithium, and cobalt—will require unprecedented investment in order to make a shift to a clean energy system. Leveraging the increased global demand for these minerals is critical to achieving net-zero targets.

January 17, 2023 Podcasts Columbia Energy Exchange

What’s in Store for U.S. Energy Policy in 2023?

With Jennifer Dlouhy and Stephen Mufson 44 min

After years of political pressure, Democrats in Congress narrowly passed an historic climate bill at…

January 17, 2023
Explore topic

Energy Policy

Establishing energy policy solutions informed by rigorous research and dialogue is key to addressing climate change, increasing access to energy, and sparking innovation for a thriving global energy economy.


Relevant Studies

January 25, 2023 Commentary Energy Security

Potential Energy Challenges from a China-Taiwan Conflict Scenario

A major military engagement could occur in the Asia-Pacific region in the form of a possible conflict between the People’s Republic of China and Taiwan.

Explore topic

Energy Security

Energy security has long been a central objective of energy policy, yet remains poorly understood and defined. Assessing energy security risks, and how they are evolving, is key for both the public and private sector.

See All Work