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Capital Flows
June 23, 2023

More private investment needed to finance EM green transition, says IEA

By Alex Janiaud

Wind turbines_solar panels
The IEA says the investment needed to support developing countries in their shift to clean energy will need to increase from $770bn in 2022 to as much as $2.8tn (Photo: Vchalup/Dreamstime)

A new report says the investment needed to support emerging markets and developing economies in their shift to clean energy will need to be trebled by the early 2030s. Public investment will not be enough to meet the energy needs of developing economies while tackling climate change, according to a ...

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