5. Speeches by Paul Wolfowitz (2005-07)

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Paul Wolfowitz served as 10th President of the World Bank Group from 2005 to 2007.

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  • Publication
    The Clean Energy Challenge
    (2006-06-07) Wolfowitz, Paul
    Paul Wolfowitz, President of the World Bank, remarked that a key goal of the World Bank is supporting developing countries in meeting their energy demands, and helping poor people escape from poverty, and doing so with a smaller environmental footprint. It is important to build a strong partnership between rich countries and developing countries. He talked about Brazil producing ethanol on an enormous scale and with exceptional efficiency where ethanol prices have been steadily coming down in Brazilian industry, when global energy prices have been coming up. He noted the need to remove unnecessary trade obstacles that make bio fuels less competitive. He concluded by saying that the goal of World Bank’s new Investment Framework for Clean Energy and Development is to provide advice, technical assistance, and investment programs to help the partner countries meet the energy challenges while protecting the natural environment.
  • Publication
    Clean Energy for Development
    (2006-03-06) Wolfowitz, Paul
    Paul Wolfowitz, President of the World Bank, in the development community, the interaction of energy, environment, and poverty have emerged as a central challenge. Lack of consistent electricity in developing countries is a severe obstacle to doing business. It is also affecting school attendance, particularly among girls. Inefficient energy sources can also pose health problems—as many as 1.6 million deaths per year due to indoor smoke. Rich and poor countries alike need to apply energy-efficient technology to cut greenhouse gas emissions. At the G8 summit in Gleneagles, the World Bank Group was asked to take a leadership role in creating a new framework for clean energy and development, including investment and financing. In the first phase we will propose accelerated investments. In the second phase, we aim to generate new knowledge on technology options and the impact on climate change. Wolfowitz summarized the Bank’s ongoing energy spending activities.