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Scaling Up Private Finance for Clean Energy in Emerging and Developing Technologies
Sources:
International Finance Corporation
Date:
1 June 2023
This report highlights the necessity for a substantial increase in annual clean energy investments in emerging and developing economies. To align with climate goals set by the Paris Agreement, these investments must rise from $770 billion in 2022 to potentially $2.8 trillion by the early 2030s. The report highlights the need for blended finance, where barriers must be lifted through regulatory improvements, access to finance, and concessional financing.