The Subsidy Swap: Mobilizing Public Capital to Drive a Renewable Revolution

Financial commitments to achieve universal access to electricity are still falling far short of what is required to meet global energy goals by 2030. Committed finance stands at only half of the USD 52 billion required annually. To ensure access to affordable, reliable, sustainable and modern energy for all, countries have to increase mobilization of investments into low-carbon action. Possible solutions include a “swap” away from fossil fuel subsidies to sustainable energy to use public capital to leverage private capital for climate-relevant investments. This event will bring together policymakers, investors and civil society to promote investments in clean energy with a focus on emerging and other developing economies.

 

More details on Building Bridges Week.