By 2050, 86% of the world’s people will live in the Global South and East. This rapidly expanding population will drive extraordinary energy demand growth in some of the world’s most energy poor regions. Money has begun to flow, but at a “miserly rate.” And while the work of philanthropic funds is laudable, the sums that they can mobilise are miniscule in the grand scheme of things.
So how can the international community create the conditions for targeted capital investment in these emerging markets?
Now is the right time to establish a Global Climate Bank. This international body could play a co-ordinating role between governments, private companies and institutions, enabling massive upscale of derisked capital for energy transition in the world’s emerging markets.
This was one of the key recommendations during the recent GET Congress 2024 Leadership Roundtable “Financing the energy transition in emerging economies”.
Complete the form to download the full report
Register your interest in GET Congress & Exhibition 2025 here: https://www.getcongress.com/forms/register-your-interest-2025/