Two-thirds of energy transition finance in developing economies to be private – report

Yearly clean energy investments in emerging and developing economies will need to more than triple from $770-billion currently to as much as $2.8-trillion by the early 2030s in order to meet rising energy demand in a way that is aligned with the Paris Agreement, a new international report states. Produce jointly by the International Energy Agency and the International Finance Corporation the study also calculates that a far steeper seven-fold investment increase (from $260-billion to $1.9-trillion yearly) is required once China is excluded from this grouping of countries.