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July 3, 2023

Reforms needed to drive ESG investment in emerging markets, experts say

The Solar Photovoltaic Power Plant, some 45kms from Amritsar. Significant investment will be needed if emerging markets are to achieve climate goals. (Photo by NARINDER NANU / AFP) (Photo by NARINDER NANU/AFP via Getty Images)
The Solar Photovoltaic Power Plant, some 45kms from Amritsar. Significant investment will be needed if emerging markets are to achieve climate goals. (Photo by NARINDER NANU / AFP) (Photo by NARINDER NANU/AFP via Getty Images)

Solutions are slowly being discussed and implemented to drive capital into emerging markets and to reduce the cost of financing renewable energy projects in them, but finance experts insist much more needs to be done if they are to become net zero by 2050.

Emerging markets and developed economies made up over 95 per cent of the increase in global greenhouse gas emissions over the previous decade, said the World Economic Forum in 2022.

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