The Energy Transition Is Achievable in Emerging Markets

The Energy Transition Is Achievable in Emerging Markets

A decade or so ago, a consensus emerged that the energy transition would require massive amounts of capital. But, according to new research into high-emitting sectors in nine major emerging-market economies, power generation will require the least amount of climate finance to shift from fossil fuels to renewables.

Energy Transition Doesn’t Require Large Climate Finance: Report

According to the study, nine EMEs will require $2.2 trillion in climate finance to decarbonise key sectors Nine emerging markets economies (EMEs) constituting G20 (Argentina, Brazil, China, India, Indonesia, Mexico, the Russian Federation,South Africa, and Türkiye) will require $2.2 trillion in climate finance between 2022 and 2030 to decarbonise their key sectors like power, road transport, cement, and steel sectors.  These findings come from t…