Developing countries face an investment gap of $2 trillion annually for the energy transition, out of a $4 trillion annual funding gap for the Sustainable Development Goals. That’s according to the United Nations.
Earlier this year it called for urgent support to developing countries to enable them to attract significantly more investment for their transition to clean energy.
But barriers remain, policy, politics, and perhaps technology.
So how do we bridge this financing gap? Rachel Kelly speaks to Kelvin Wong, Managing Director and Deputy Head of Energy, Renewables and Infrastructure, DBS to find out.