Measures
Green financing
Accelerating green financing is critical to achieving sustainable energy transition. Large capital investments in renewables will be required; however, at the same time, it will lead to even greater savings compared to fossil fuel-based generation. Policymakers need to work with central banks, regulatory authorities and investors to examine the possibility of developing a green finance policy and establishing a green finance bank or fund to help close the investment gap.
Green bonds allows mobilization of resources from domestic and international capital markets to finance climate solutions. Green finance policy with the aim of reducing financing costs through methods such as de-risking and direct incentives could help provide a more attractive risk/return profile for renewable energy technologies.
*this recommendation is applicable for all ambitious scenarios
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Group
Scenario