Securing energy finance to deliver a pragmatic and equitable energy transition for emerging economies

To achieve a just and equitable energy transition capital must be accessible, available, and affordable. The UAE Leaders’ Declaration on a Global Climate Finance Framework and ALTÉRRA are examples of the collaborative mechanisms aiming to mobilise capital and reduce risk, but progress still needs to be made. Barriers to investor confidence range from developing economies’ high borrowing costs, real and perceived investment risks, limited creditworthy off takers, and uncertain regulatory environments, all of which need to be addressed to attract and secure critical funding. 

Attendee insights:

In the lead up to COP29, join a multilateral stakeholder group to progress dialogue around viable, sustainable, and innovative finance structures to enable a pragmatic and equitable energy transition. Participants will provide insights on finance structures, the development of domestic capital resources, and how to facilitate international private finance flows.

How can climate technologies help scale decarbonisation across the energy system?

Climate technology is one of the most critical drivers of the decarbonisation and the energy transition in 2024. Leaders must prioritise and expand the adoption of climate technologies to foster sustainable growth for their organisations and ensure a resilient future for our planet.

As the need to reach net-zero becomes more pressing, companies are increasingly seeking new strategies to contribute to the solution. Cloud-powered innovations can accelerate the implementation of nearly 50% of the decarbonisation initiatives necessary to meet a 1.5°C trajectory by 2050.

With most businesses now racing to reduce their carbon emission and energy accounting for more than 75% of total GHG emissions globally, investing in climate technologies to decarbonise the energy system is becoming increasingly critical. Meeting this challenge will require a thorough examination of technologies available with the full realisation that no technology can be the magic wand. Today, we have many of the technologies needed to achieve decarbonisation. The challenge now is accelerating innovation and scale-up to achieve technical and commercial breakthroughs. 

Attendee insights:
This Leadership Roundtable will explore how technology can accelerate decarbonisation strategies. As climate technologies emerge as an essential component of the solution, leaders must act swiftly and decisively to adopt and scale these innovations at an unprecedented rate. Topics will include capital investment needs, scaling economics, requirement for subsidies, regulations, role of private capital, environmental impacts, and beyond.