At WEF24, World Bank President Says Developing Nations Can’t Enjoy Natural Gas

BANGA And the first ░░░░░░░░ is that leadership is ░░░░░░░░ question of truth And ░░░░░░░░ s take the topic ░░░░░░░░ natural gas Europe lives ░░░░░░░░ natural gas America generates ░░░░░░░░ great deal of natural ░░░░░░░░ as well How can ░░░░░░░░ tell the developing world ░░░░░░░░ they cannot have access ░░░░░░░░ natural gas as part ░░░░░░░░ the transition if we ░░░░░░░░ on it ourselves And ░░░░░░░░ I think there s ░░░░░░░░ little bit of the ░░░░░░░░ of trust in each ░░░░░░░░ I actually believe that ░░░░░░░░ you open the taps ░░░░░░░░ natural gas everywhere you ░░░░░░░░ t be able to ░░░░░░░░ it again So the ░░░░░░░░ answer is to say ░░░░░░░░ me just do what ░░░░░░░░ want The correct answer ░░░░░░░░ to say what s ░░░░░░░░ right way of bridging ░░░░░░░░ situation These are hot ░░░░░░░░ They get emotional they ░░░░░░░░ political And as someone ░░░░░░░░ at a lunch a ░░░░░░░░ while ago the challenge ░░░░░░░░ politics is we know ░░░░░░░░ we need to do ░░░░░░░░ problem in the democratic ░░░░░░░░ is you probably won ░░░░░░░░ get elected again if ░░░░░░░░ do it And I ░░░░░░░░ that is a situation ░░░░░░░░ needs to be tackled ░░░░░░░░ s one part of ░░░░░░░░ In an organization like ░░░░░░░░ World Bank I believe ░░░░░░░░ real issue is a ░░░░░░░░ of urgency and a ░░░░░░░░ of thoughtful risk taking ░░░░░░░░ the organization If we ░░░░░░░░ urgency to what we ░░░░░░░░ we change the way ░░░░░░░░ which leaders are empowered ░░░░░░░░ make change happen And ░░░░░░░░ third part is that ░░░░░░░░ know if you look ░░░░░░░░ the private sector which ░░░░░░░░ think their money is ░░░░░░░░ to be very important ░░░░░░░░ the energy transition that ░░░░░░░░ are going to go ░░░░░░░░ the reality is we ░░░░░░░░ that solar power and ░░░░░░░░ power are cheaper per ░░░░░░░░ than fossil fuel We ░░░░░░░░ that This is not ░░░░░░░░ secret Scaling technology in ░░░░░░░░ last 5 or 10 ░░░░░░░░ have done that for ░░░░░░░░ Why is it then ░░░░░░░░ trillions of dollars are ░░░░░░░░ flowing in to that ░░░░░░░░ for investing If you ░░░░░░░░ with the private sector ░░░░░░░░ get three or four ░░░░░░░░ that matter The first ░░░░░░░░ is clarity on regulatory ░░░░░░░░ in the country where ░░░░░░░░ re asking them to ░░░░░░░░ We can help organizations ░░░░░░░░ us Al does that ░░░░░░░░ day long This is ░░░░░░░░ he does He argues ░░░░░░░░ clarity on policy and ░░░░░░░░ I think you need ░░░░░░░░ like him because together ░░░░░░░░ can make change happen ░░░░░░░░ policy in countries.”