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      COP27: Scaling Up to Phase Down: Financing Energy Transitions in the Power Sector

      Follow the event on Twitter #ClimateActionWBG

      Today’s crises for security, affordability, and resilience make the energy transition more urgent than ever. But developing countries pay higher costs for the energy transition, which risks locking-out clean energy investments while locking-in fossil-based electricity. This high-level panel will discuss solutions to scale up financing, including how governments and their development partners can establish a pipeline of bankable projects that can attract private sector investments.

      00:00 Welcome! COP27 | Financing Energy Transitions in the Power Sector
      00:46 Opening remarks
      03:27 Presentation
      12:19 Scaling finance and energy transition
      19:14 Approach of South Africa
      26:08 Convincing investors
      30:46 Priorities in financing
      36:58 Stakeholders in climate finance
      40:44 The urgency in climate change
      42:56 Closure

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      Hello everyone, and welcome to Scaling Up to Phase Down: Financing Energy Transitions in the Power Sector. We'll start the event in a few minutes. Please stay tuned and submit your comments and questions using the live chat.
      Estelle Ebitty-Doro 

       

      While we wait for the event to begin, Learn more about how we scale up the finance needed for climate action by reading this blog post by Riccardo Puliti: https://blogs.worldbank.org/voices/how-can-we-scale-finance-needed-climate-action
      Estelle Ebitty-Doro 

       

      Welcome everyone! I’m Estelle Ebitty-Doro with the World Bank, and I will be live blogging this event.
      Listed on this page are the speakers participating in today’s discussion. Demetrios Papathanasiou, Global Director for the World Bank's Energy and Extractives Global Practice, is giving a presentation on the urgency of the energy transition.
      Estelle Ebitty-Doro 

       

      You can join the conversation on social media using the hashtag #ClimateActionWBG
      Estelle Ebitty-Doro 

       

      Lida Fitts, Director of the Sustainable Infrastructure Office at U.S. Treasury is talking now about the holistic approach needed in financing.
      Estelle Ebitty-Doro 

       

      Steve Nicholls of South Africa’s Presidential Climate Commission (PCC) is giving the country’s perspective on renewable energy.
      Estelle Ebitty-Doro 

       

      Join the conversation on Twitter or LinkedIn with the hashtag #ClimateActionWBG. We want to hear your thoughts!
      Estelle Ebitty-Doro 

       

      You can find out more about the World Bank announcement on Komati here: https://tinyurl.com/4a7kad4n
      Estelle Ebitty-Doro 

       

      You can also learn more about about how we scale up the finance needed for climate action by reading this blog post by Riccardo Puliti: https://tinyurl.com/3j8s6dej
      Estelle Ebitty-Doro 

       

      Riccardo Puliti is now closing the discussion.
      Estelle Ebitty-Doro 

       

      That concludes the discussion. Thank you to all who tuned in! If you’ve missed anything, note that the recording of the event will be available on this page.
      Estelle Ebitty-Doro 

       

      You can learn more about how the World Bank and its partners are #ReThinkingEnergy and taking action for a greener and more resilient future here: https://www.worldbank.org/en/what-we-do/rethinking-energy
      Estelle Ebitty-Doro 

      World Bank Group at COP 27

      Join us for a series of live events on climate change.
      FEATURED EVENTS

      Nov. 8: Climate Finance (SCALE)
      Nov. 9: Country Diagnostic (CCDR)
      Nov. 11: Just Transition Away from Coal
      Nov. 14: Women and Climate Action
      Nov. 15: Hydrogen for Development
      Nov. 16: The Blue Economy
      Nov. 16: Nature-smart economies
      Nov. 17: Thriving Green Cities
      ...

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