Accelerating private investment for the green transition in emerging markets

Nov 28, 2023 | 1:00 PM - 2:30 PM

Description

According to the International Energy Agency World Investment Report 2022, in order to get on track to achieve the objective of net zero emissions by 2050, power sector investment will need to increase from its current 3% annual average growth, to more than 25% for the rest of this decade. This year’s edition shows that annual clean energy investment is expected to rise by 24% between 2021 and 2023, driven by renewables and electric vehicles, compared with a 15% rise in fossil fuel investment over the same period. But more than 90% of this increase comes from advanced economies and China, presenting a serious risk of new dividing lines in global energy, if clean energy transitions don’t pick up elsewhere. This session will discuss how to increase private investment for the green transition in Africa, Asia and Latin America, and what policies can help enhance the contribution of businesses to meet net zero emissions targets. It is organised by the OECD Development Centre's business platform Emerging Markets Network (EMnet) and is part of the activities of its Working Group on Green Economy in Emerging Markets, co-chaired by Iberdrola and American Tower Corporation.

Moderated by

Lorenzo Pavone

OECD Development Center

Deputy Head - Networks, Partnerships and Gender Division

https://www.linkedin.com/in/lorenzopavone/

Speakers

Colin Chen

MUFG Bank

Managing Director, Head of ESG Finance, Asia Pacific

https://www.linkedin.com/in/colin-chen-950b6312/

MMS

Marta Martinez Sanchez

Iberdrola

Head of Analysis and Special Projects, Climate Change and Alliances

Mneesha Nahata

American Tower Corporation

Chief Sustainability Officer

https://www.linkedin.com/in/mneesha-nahata/

JSS

Jorge Sicilia Serrano

BBVA

Chief Economist

https://www.linkedin.com/in/jorge-sicilia-b054221/

Cecilia Tam

International Energy Agency

Acting Head of Energy Investment Unit

https://www.linkedin.com/in/cecilia-tam-8bbb456b/

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