Universal access to affordable, reliable, sustainable and modern energy by 2030 has been a goal of the United Nations since 2015. And much progress has been made, as the UN, the World Bank and other international organizations make clear in a new report. But there’s still a long way to go. And the pandemic raging around the world now will only make meeting the goal more difficult.
In this edition of Columbia Energy Exchange, host Bill Loveless talks with Makhtar Diop, the vice president for infrastructure at the World Bank. He leads the bank’s efforts to develop sustainable solutions and help close the infrastructure gap in developing and emerging economies.
Makhtar discusses the reasons behind the progress that has been made around the world and the impediments keeping the goal of universal access still out of the reach of so many people, especially in Sub-Saharan Africa. The latest challenge, he notes, is the pandemic.
He also explains what the World Bank is doing to alleviate these needs, including new initiatives in the works.
The Tracking SDG-7 Energy Progress Report was released by the UN Statistical Division, the World Bank, the International Energy Agency, the International Renewable Energy Agency and the World Health Organization.
Prior to taking on this current role at the World Bank in 2018, Makhtar was the institution’s vice president for Africa, where he oversaw the delivery of a record-breaking $70 billion to Sub-Saharan Africa to address development challenges, like increasing access to affordable and sustainable energy.
Prior to these and other roles at the World Bank and the International Monetary Fund, Makhtar started his career in the banking sector and held government positions, including minister of economy and finance in his native Senegal.
He holds degrees in economics from the Universities of Warwick and Nottingham in England.
For more than a century, extractive industry and capitalism have dominated the developed world’s economies. Some of the biggest companies in the world produce and sell oil and...
The success of the energy transition hinges on the availability of affordable capital to fund clean energy projects. The rise of green industrial policy in wealthy economies has...
In a new partnership with Google, the Environmental Defense Fund has developed a satellite that will orbit the Earth fifteen times a day and monitor methane emissions.
Brazil is in a strategic position when it comes to energy and climate issues. It holds the presidency of the G20 nations this year and the UN climate...
One of the enduring mysteries of the European gas market landscape has been the relative lack of recovery in industrial gas use following the 2022 global energy crisis.
Reuters recently reported that, for the first time, the Government of India will invite private companies to invest in nuclear electricity projects to ramp up growth in this...