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World Economic Forum's White Paper on Financing Energy Transition

World Economic Forum has issued a new white paper, "Financing the Energy Transition: Meeting a Rapidly Evolving Electricity Demand". The paper highlights the critical role of electricity in achieving net-zero emissions, projecting that it will account for 50% of energy demand by 2050 (up from 20%).

To achieve this, financing costs for grid and renewable energy must decrease, especially in emerging markets where demand will rise. The paper recommends addressing the investment gap by reducing financing costs, de-risking technologies, hedging risks, and mobilizing capital to developing countries. International cooperation among investors, policymakers, and financial institutions is essential to support the energy transition.