Adviser's Note - October 2022

Updated: Oct 21



 

Adviser: Ruchira Shukla

Energy Review, Vol 4. Issue 10. 2022

IFC and the World Bank Group is committed to addressing the current climate crisis through a broad breadth of investment and advisory initiatives spanning decarbonization of various industries as well as through climate change adaptation and by building resilience. Disruptive technologies are digitizing B2B supply chains, tracking and streamlining the movement of goods, and hence reducing the carbon footprint of trade.


Such supply chain digitalization combined with innovations in material science are helping create energy-efficient cold chains, particularly for food, thus reducing food waste to create a more sustainable future. We are also excited about low-carbon energy management including use of better battery technology, green hydrogen, offshore wind, as well as further adoption of conventional renewable energy. The use of artificial intelligence and the internet of things is enabling efficient energy management in industrial settings and laying the foundation for green manufacturing and green buildings. Additionally, a shift to less polluting and energy-efficient transportation and mobility systems are critical to reducing our planet’s carbon footprint and building a secure future for our children.

(Ms. Ruchira Shukla, South Asia Regional Lead for Disruptive Technology Investments, International Finance Corporation (IFC))