The World Bank Group (WBG) is uniquely positioned to support the growth of developing countries in a way that decreases GHG emissions and provides energy to the poor. Historically, the institution has failed to fulfill this potential, supporting carbon-intensive energy projects and neglecting renewable energy, energy efficiency and pro-poor energy development. A recent comprehensive draft energy strategy and an energy sector “Directions” document propose some positive changes, but fall far short of reorienting the institution’s energy lending in critical ways. Major revisions are therefore required. First, the WBG should end its support for fossil fuels and focus its limited resources on energy efficiency, renewable energy, and universal energy access.