NAZMEERA MOOLA | Emerging markets can’t pay costs of the zero-carbon transition alone

Urgency and innovation are required to fill the climate-finance gap

03 October 2021 - 17:49 By Nazmeera Moola

Channelling finance to emerging and developing economies is essential to tackle climate change. It is in these countries where the bulk of clean-energy investment is needed to hit the world’s net-zero targets.

According to a new report from the International Energy Agency (IEA), achieving global carbon neutrality by 2050 requires a sevenfold increase in annual clean-energy investment in the developing/emerging world, to $1-trillion, by 2030. Yet the same report concludes that “annual investments across all parts of the energy sector in emerging and developing markets have fallen by about 20% since 2016”...

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