OECD COP29 Virtual Pavilion

Greening emerging markets: Unlocking private investment

OnlineNov 5, 2024 | 1:00 PM - 2:30 PM

Description

According to the IEA, achieving net-zero emissions by 2050 requires an unprecedented deployment of clean energy technologies. In this context, the rising trend of commercial investment in climate action highlights a growing awareness that the traditional "business as usual" approach is no longer viable. However, governments must play a pivotal role to fully harness private sector expertise and accelerate the adoption of green technologies in emerging and developing markets. This includes creating a supportive regulatory and policy environment, building stronger institutional capacities, and reducing trade barriers to enhance access to low-carbon technologies. Such efforts are crucial for facilitating technology transfers and advancing the green transition, particularly in less technologically advanced countries. This session will discuss how the private sector can provide actionable solutions to drive the green transition in emerging markets, as well as the policy reforms needed to boost green investment to make this transition possible.

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Moderated by

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Speakers

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