Why Trump’s Middle East trip is going to be very different this time
Trump is in the Middle East for his first major overseas trip of his second term. Deals are high on his agenda.
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CEO of Climate Investment Funds
Developing countries face the dual challenge of meeting rapidly growing energy demand while also scaling clean energy to avoid dramatic increases in carbon emissions. But financing all of those clean energy projects can be tough.
Emerging and developing economies need clean energy investments. Researchers estimate that they will need anywhere between $1-2 trillion per year for the next 30 years to reach net-zero emissions by 2050.
Most of that capital will need to come from the private sector. Multilateral development banks are working to fill the gap and catalyze private finance. But they still have to work through unique financial, policy, and technical challenges in emerging and developing economies.
So what are these barriers? And how do we overcome them to mobilize more capital for clean energy projects across the developing world?
This week, host Jason Bordoff talks with Mafalda Duarte. Mafalda is the CEO of Climate Investment Funds, one of the most ambitious efforts to finance clean energy projects in developing and middle-income countries.
Since 2015 she’s led efforts all over the world to help countries build climate-resilient economies by innovating ways to mobilize capital. She has extensive experience managing climate-related portfolios and leading policy projects in more than 30 countries around the world.
Jason and Mafalda discuss opportunities for financing the clean energy transition in emerging economies—including an ambitious new effort to phase out coal in parts of Africa and Asia.
For years, Japan set aggressive decarbonization targets, positioning itself as a climate leader despite limited domestic resources. But recent geopolitical earthquakes like the ongoing war in Ukraine, increasing...
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After more than three years of intense fighting following Russia's invasion of Ukraine in February 2022, the path to end the war has been challenging. President Trump has...
As President Biden’s national security advisor, Jake Sullivan laid out a strategy for what he called a “foreign policy for the middle class.” Using the metaphor of a...
The Just Energy Transition Partnership (JETP) framework[1] was designed to help accelerate the energy transition in emerging market and developing economies (EMDEs) while embedding socioeconomic[2] considerations into its planning and implementation.
President Donald Trump has made energy a clear focus for his second term in the White House. Having campaigned on an “America First” platform that highlighted domestic fossil-fuel growth, the reversal of climate policies and clean energy incentives advanced by the Biden administration, and substantial tariffs on key US trading partners, he declared an “energy emergency” on his first day in office.
Kenya and South Africa have recently started moving toward an open access regime in their electricity sectors, while the US and India have been on this path for over two decades.