October 19

Analysis: Emerging Economies Need Much More Private Financing for Climate Transition

Achieving the transition to net-zero emissions by 2050 requires substantial climate mitigation investment in emerging market and developing economies, which currently emit around two-thirds of greenhouse gases.

These countries will need about $2 trillion annually by 2030 to reach that ambitious goal, according to the International Energy Agency, with the majority of that funding flowing into the energy industry. This is a fivefold increase from the current $400 billion of climate investments planned over the next seven years.

Source: International Monetary Fund (link opens in a new window)

Energy, Environment
climate change, climate finance, decarbonization, public policy