2024-11-21
http://w3.windfair.net/wind-energy/news/44548-iea-report-scaling-up-financing-investment-developing-economy-clean-public

Report: ramping up clean energy investments in emerging and developing economies needed

Increased public funding can be used most effectively in partnership with private sector capital to reduce project risks – a concept known broadly as blended finance, a new IEA-IFC joint report says.

Official Press Release IEA:

IEA-IFC Joint Report Calls for Ramping Up Clean Energy Investments in Emerging and Developing Economies

Wind Industry Profile of
IEA-IFC Joint Report Calls for Ramping Up Clean Energy Investments in Emerging and Developing Economies

Annual clean energy investments in emerging and developing economies will need to more than triple from USD 770 billion in 2022 to as much as USD 2.8 trillion by the early 2030s to meet rising energy needs and align with the climate goals set out in the Paris Agreement, according to a new report released today by the International Energy Agency (IEA) and International Finance Corporation (IFC).

The report, Scaling Up Private Finance for Clean Energy in Emerging and Developing Economies, shows that public investments alone would be insufficient to deliver universal access to energy and tackle climate change. Increased... ... More: Official Press Release IEA

Keywords:
IEA, report, scaling up, financing, investment, developing economy, clean, public







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