The World Bank has announced that Daniel Kammen will be the chief technical specialist for renewable energy and energy efficiency taking effect October 4. The Nobel Prize winner from California will lead the Bank’s efforts in developing a strategy for lending funds to developing nations including localized RE programs in Africa higher up the food chain to major smart grid projects in India and China.
The core investment by the World Bank for energy initiatives is more than $5 billion, and renewable energy and energy efficiency “have been the fastest growing piece of that,” Kammen said to The Hill. That piece currently constitutes more than a third of World Bank energy lending and is expected to grow further, he said.
His role, he said, is “really designed to try to bring some structure and coherence to the overall lending effort in that area and to be the point person in the larger effort in the bank to bring sustainability to the energy sector.” That will begin with developing a sustainable energy strategy for the bank by early next year, he said.
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