As the world accelerates efforts toward carbon neutrality, it is becoming increasingly clear that developing countries will play a defining role in the success—or failure—of the global energy transition. While many of these countries are rich in renewable resources and are making strong political commitments to scale up their deployment, investment levels remain far lower than in the developed world.

In fact, only 2% of the $807 billion invested in renewables globally reached the least developed countries in 2024.

Despite recent efforts to increase the financial resources allocated by governments, worldwide public sector finance will be insufficient to meet energy transition investment needs. Public funds must therefore be complemented by private sector support. However, attracting pri

See Full Page