Engine for progress
According to forecasts of the International Energy Agency (IEA), global primary energy demand will continue to rise, by approximately 30 % until the year 2040. The vast majority of this growth will be generated by emerging and developing countries. Modern energy is a key factor of successful economies and a fundamental requirement in the battle against poverty. However, using fossil fuels also has negative implications for the environment and the climate. For this reason, KfW supports its partner countries in developing and converting their energy systems in a sustainable manner. KfW's commitment dovetails to the "sustainable development goals" of the United Nations, which have for the first time included a separate objective for energy. According to it, all people are supposed to get "access to affordable, reliable, sustainable and modern energy" until 2030. That is precisely what KfW is aiming for with its projects and programmes. Therefore, next to energy access the bank contributes to increasing the ratio of renewable in the energy mix and to double the annual growth rate of energy efficiency.