The World Economic Forum (WEF) has launched the “Playbook of Solutions,” an innovative digital platform that aims to mobilise sustainable energy investments in the Global South. This playbook includes 100 legislative measures, financial tools, and risk-reduction methods based on 20 years of successful clean energy finance programs in 47 emerging and developing economies.
To accomplish the worldwide target of tripling renewable energy by 2030, annual investments must climb five to seven times, totalling at least $1.7 trillion by the end of this decade. Emerging markets and emerging economies (EMDEs) are predicted to account for 90% of global energy consumption by 2035, yet they now get less than 20% of clean energy investment due to perceived risks and regulatory constraints.
Samaila Zubairu, president and CEO of the Africa Finance Corporation, stated that the Playbook seeks to dispel myths regarding EMDEs.
The WEF portal also includes case studies from Brazil, Chile, Egypt, and India that demonstrate effective methods to sustainable energy investment. The Playbook intends to unlock the $1.7 trillion required to satisfy the Global South’s clean energy ambitions by providing governments and investors with a framework for risk reduction and financing.
