Innovative financing is needed to mobilise clean energy capital in developing countries. What could it look like?

19 snips

Sep 10, 2024

Investing in clean energy for developing countries is crucial yet currently underfunded, with less than 1% of global investments directed there. Innovative financing mechanisms are essential, including public-private partnerships and local currency investments. The podcast also emphasizes Nigeria's challenging transition from oil dependence to net-zero emissions by 2060. By exploring successful projects in countries like Kenya and Barbados, it highlights the need for localized approaches and collaboration to improve energy access and overall quality of life.

Ask episode

Chapters

Transcript

Episode notes

Intro

00:00 • 2min

Innovative Financing for Renewable Energy Access

01:46 • 25min

Mobilizing Private Capital for Clean Energy Projects

26:40 • 2min

Navigating Nigeria's Energy Transition to Net Zero

28:36 • 3min

Innovative Financing for Clean Energy Transitions

31:10 • 9min

Urgent Solutions for Energy Access and Financial Innovation

40:22 • 3min

Less than 1% of clean energy investments goes to developing countries. Guarantees and partnerships could increase this.

The global energy transition effort is all about ‘the new’. New technology, new financing models, new ways of looking at energy systems. The need for ‘the new’ is greatest in developing countries. For many of them, the challenge isn’t just transitioning to clean energy, it’s providing energy access in the first place. By 2030, we could see nearly a billion people left without access to energy, never mind clean energy. So how can we get the investment flowing to where it’s desperately needed?

Damilola Ogunbiyi is CEO of the organisation Sustainability For All. SE4All works with public and private sector to provide access to reliable, affordable, sustainable and new energy for all by 2030. We sit down with Damilola to discuss her holistic view of the energy transition, the innovative financing models needed to mobilise capital, carbon markets, and how the industry should address the challenge of improving energy access while transitioning to clean sources.

Energy access is directly linked to quality of life. This is especially true as the climate crisis worsens. Both public and private sectors need to work together to mobilise capital for the energy transition. So how can we do it?

Subscribe to the Interchange Recharged so you don’t miss an episode on Apple Podcasts or Spotify. Find us on X – we’re @interchangeshow.

To keep up to date with everything we talk about on the show, sign up for our weekly Inside Track newsletter. You’ll get extra analysis from Wood Mackenzie and be notified when a new episode of the podcast is out.

The Interchange Recharged is brought to you by Anza Renewables. Are you wasting valuable time tracking down solar module information that quickly goes stale? Anza’s revolutionary platform can help with up-to-date pricing, technical, risk, and domestic content data from 110 solar modules. Compare products in minutes and redirect your time to higher value work. Find out more

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.