The G8 Gleneagles Summit which was held two years ago and took place in Scotland had one requirement for the World Bank that is the following – to come up with a roadmap in order to help to attract and increase investments in clean energy. It should be pointed out that especially those concerned the developing world, in tight cooperation, of course, with other financial institutions from all over the world.

It will be interesting for you to know that within this framework, for Clean Energy Investment, the diverse investments are needed to do mainly the next things:
• To help to boost access to energy, especially in the Sub-Saharan African area;
• To make transition to a low carbon economy more fast;
• To secure adaptability to differences in climate and weather conditions and change.

There is a need to add that based on the framework for Energy Investment the power sector alone needs about $165 billion only for such investment, for this decade. The truth is that only about half is being financed while the $165 billion needed are needed. In addition to that sum, other $10 of billions is as well required yearly, so as to cover for the incremental costs, needed for the transition to a low carbon economy. It should be also pointed out that the Action Plan drew for the Energy Investment Framework came up with an update of the work to be undertaken to a determined date, together with all actions thoroughly sought by the World Bank Group, in order to help to finish what the Energy Investment Framework has begun.

From the other point of view, the change to a low carbon use, will certainly need a long-term framework, an equitable global regulatory plan, so as to ensure the decrease of the greenhouse emissions. It is obvious that this plan turns, first of all, rich and developed countries, that are supposed to show leadership by helping those countries in course of development, in exchange for the worldwide benefit of a greener, cleared environment and growth.

The other thing to be mentioned about is that, in addition, this framework is supposed to provide the necessary certainty in order to help and stimulate research and development, especially for transformational technologies. And the last, but not least, point to consider is that the same framework will allow carbon markets to flourish and provide increased financial benefits to those countries in course of development, only within a few decades those benefits are supposed to be reaching as much as $100 billion.

Due to the Executive Secretary of the United Nations Framework Convention on Climate Change, these financial advantages have the right stimulus towards addressing imminent climate change, especially countries that are in process of developing.

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