This International Energy Agency report addresses the challenge of mobilizing investment and finance to support clean energy transitions in the emerging and developing world. It is based on detailed analysis of successful projects and initiatives, including almost 50 real-world case studies – across clean power, efficiency and electrification, as well as transitions for fuels and emissions-intensive sectors – in countries ranging from Brazil to Indonesia and from Senegal to Bangladesh.
If energy transitions and clean energy investment do not quickly pick up speed in emerging and developing economies, the world will face a major fault line in efforts to address climate change and reach other sustainable development goals. This is because the bulk of the growth in global emissions in the coming decades is set to come from emerging and developing economies as they grow, industrialize and urbanize.
The report offers a number of recommendations, including measures to enhance financial markets, improve the visibility of public policies, remove distortions from energy markets, enable grids to better integrate renewable power, empower local entrepreneurs to develop smaller-scale clean energy solutions, as in energy efficiency, and build models for universal access to modern energy.