Energy Policy Now Scaling Private Finance for Global Solar Growth
A working paper from WRI, the International Solar Alliance and Bloomberg Philanthropies examines the essential role of private finance in scaling solar power development.
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A recent working paper from the World Resources Institute, the International Solar Alliance and Bloomberg Philanthropies finds that $1 trillion must be invested into solar energy by 2030 if global warming is to be kept within the limits of the Paris Climate Agreement.
Yet global investment in solar today is just half of what will be required. Massive amounts of financial capital, much of it private, must be available to ramp up solar development, particularly in developing regions of the globe where political and economic risks may otherwise present barriers to investment.
Laura Van Wie McGrory, WRI’s Global Engagement Lead for Scaling Up Solar and a co-author of “Our Solar Future: Roadmap to Mobilize USD 1 Trillion by 2030,” explores strategies to de-risk solar investment and scale private capital toward the $1 trillion goal.
Laura Van Wie McGrory is Global Engagement Lead for the World Resources Institute’s Scaling Up Solar initiative, where she coordinates efforts to mobilize investment for global solar power.
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Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu
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