The combined challenges of energy access and climate change present major needs for clean energy invest- ment. The Paris Agreement and United Nations’ Sustainable Development Goals, negotiated in 2015, represented an in ection point for moving from talk
to action in order to address two of the world’s most important challenges. The objective is clear: mobilize investment to meet the goal of limiting global warming to, at most, 2 degrees Celsius while also bringing elec- tricity to the more than 1 billion people globally who do not yet have access to it.

This report looks at what is needed to unlock invest- ment opportunities in developing economies that are still catching up. We evaluated, by geography and
clean energy sector, the most signi cant opportunities for impact on both climate change and energy access per dollar invested; the risks and barriers that prevent investment; and how blended  nance could be deployed to address investor needs.

Blended Finance in Clean Energy: Experiences and Opportunities

Blended Finance in Clean Energy: Experiences and Opportunities

Climate Policy Initiative (CPI)