Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-714-000"

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"Mr President, there are currently 1.4 billion people in the world without access to electricity, 85% of whom live in rural areas. The Millennium Development Goals to eradicate poverty by 2015 will not be achieved due to the lack of significant progress on providing access to energy. Achieving this goal by 2015 means that 395 million people will have access to electricity and 1 billion people will gain access to hygienic facilities for preparing food. All these measures will require an annual investment of roughly USD 40 billion in the 2010-2015 period, which amounts to 0.6% of global GDP. Universal access to electricity is one of the most important goals set by the governments in developing countries. Among the barriers identified as preventing electrification are the high cost of supplying electricity in rural areas and to houses in peri-urban areas, the lack of tax or financial incentives, insufficient capacity for developing and implementing electrification projects, along with the limited ability to generate electricity. Rural areas are a special case when it comes to energy requirements. In rural areas, not only does the required energy need to be provided, but the actual process of generating it as well, which also creates jobs and supports economic and social development. On 11 February 2011, a World Bank report showed that local energy production from renewable sources at a low production cost is a more viable economic solution in the long term. This may play a key role in increasing India’s energy security so that energy imports and the influence of oil price fluctuations can be reduced. The World Bank could therefore act as a partner to the developing countries. I believe that the World Bank should support the projects concerned with boosting energy efficiency and local energy production from renewable sources, as well as extensive projects involving electrification and establishing interconnections between different countries."@en1
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