Clean energy investment is rising fast but it’s leaving emerging economies behind. Here’s how we can narrow the gap

Jul 26, 2023

According to IEA, we need to reach $2.2 trillion-2.8 trillion by the early 2030s to meet EMDEs’ growing energy demands in a sustainable way, Image: Unsplash/Thomas Richter

Ewan Thomson

Senior Writer, Forum Agenda

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Graphs displaying the clean energy investment in emerging and developing economies.

The world needs to ‘massively increase clean energy investment in emerging and developing countries’, the IEA’s Fatih Birol says. Image: IEA

Figure displaying the clean energy finance in EMDEs by public and private sources in 2022.

Around half of clean energy investment in EMDEs is financed by public entities. Image: IEA

Figure illustrating the EMDEs in global energy investment, 2015-2022 and 2023e.

Emerging and developing economies are struggling with clean energy investment. Image: IEA

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Figure displaying the policies in the power sector that can help clean energy investment.

Having the right policy environment can boost private investment in EMDEs. Image: IEA

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