The energy transition will require a major scale-up in the deployment of renewable energywith both public and private finance playing critical roles. Aligning with the Paris Agreementtargets needs tripling of total renewable energy capacity in Emerging Markets and DevelopingCountries (EMDC) by 2030, significantly augmenting financing flows towards renewable energyprojects. While the “billions to trillions” concept, which involves leveraging a small injection ofpublic funds to unlock vast
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