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

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

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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

LEARNING RESOURCES

Live Updates

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
...

 

Speakers