Helping Global Cities Harness the Power of Energy Efficiency
The World Bank, May 14, 2014Cities now consume about two-thirds of the world’s energy, and are responsible for about 70 percent of its greenhouse gas emissions. These proportions are growing as rapid urbanization drives soaring demand for energy to power economic activity and expand services and infrastructure.
Cities able to harness energy efficiency and sustainability practices can reduce their energy consumption and costs, while increasing their competitiveness and providing better services to their inhabitants.
Recognizing this, the World Bank Group is supporting cities as they develop more sustainable municipal systems and services. It took another step in that direction in April, with grants to 11 cities and programs for energy efficiency initiatives in key sectors such as lighting, buildings, transport, and water.