We can't defeat climate change by investing in a handful of countries. The world needs to come together at COP28-and fund a just energy transition

Contributing sentiments towards policy:

73% : Achieving this goal will require a wide range of clean energy technologies-but two areas are especially important: energy efficiency and renewable power.
67% : With the global energy crisis highlighting the energy security and affordability benefits of clean energy, promising political signals are being matched by concrete action.
60% : A major scaling up of clean energy globally is critical to bring down demand for all fossil fuels.
60% : Yet currently, they represent less than half of global investments in clean energy.
59% : Despite solar's surge, the progress of wind, hydropower, and biofuels is lagging.
59% : However, in a pathway towards the 1.5 °C goal, around 60% of the finance for clean energy investment in these economies (not including China) will need to come from the private sector.
58% : To shift the world onto a path towards the 1.5 °C goal, a new report just published by the IEA and IFC shows that annual investment in clean energy in emerging and developing economies will need to more than triple from $770 billion today to as much as $2.8 trillion a year by the early 2030s.
55% : Every stakeholder must play their part-including oil and gas companies, which need to set out and deliver on aggressive targets to cut their greenhouse gas emissions by 2030 and significantly increase their investments in clean energy.
45% : Many other barriers that hinder investors will also need to be addressed, including inefficient subsidies that tilt the playing field against clean energy investments, lengthy permitting procedures, unpredictable procurement practices, lengthy procedures for licensing, arbitrary or weak contract enforcement, restrictions on private or foreign ownership, and poor creditworthiness of counterparties.

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