As the world seeks to mitigate the dramatic and accelerating impact of the climate crisis, the transition from fossil fuels to clean energy is of paramount importance. Private capital does not yet see the right balance of risk and reward in clean-energy projects, especially in emerging and developing economies (EMDEs). Yet, it is precisely these economies that are positioned to determine the fate and future of the global energy transition. With the largest growth in emissions projected to come from EMDEs over the next few decades, it has become a global imperative to find a way to overcome the hurdles to rapid, large-scale deployment of clean-energy technologies in these economies.
This discussion will focus on the pathway to shoring up the next generation of investments for the energy transition in EMDEs. It will explore opportunities for and challenges to the scale-up of such investments, and the roles that the international development and investment communities, alongside governments, may each play in harnessing these opportunities and rising to these challenges. In assessing recent developments and current trends in climate finance, this session will aim to look critically at what is possible and what is practical in the context of EMDEs, covering topics ranging from financing structures to incentive frameworks to the public-private relationship.