The figures were up from $860 million in 2005. "The World Bank has strengthened its investment support and technical assistance for low carbon energy projects," said Mr Jamal Saghir, Director, Energy, Transport and Water Department, World Bank. "This is reflected in the progress we made these last few years in expanding support for renewable energy and energy efficiency. Recognizing the economic and environmental values of clean energy, the World Bank Group's Clean Energy Investment Framework established in 2006 sets the stage for even greater support for low carbon economy development in the coming years." he added.
The World Bank Group, which was committed to investing $913 m from July 04 to June 07 under the Bonn Commitment (with a yearly increase of 20%), has indeed doubled its objective, with investments worth $1.8 billion in that period.
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