From coal to clean: Financing a just energy transition in emerging markets

The Coal-to-Clean Initiative, led by KPMG, seeks to address the financing gap in emerging markets where only 15% of global clean energy investments are directed despite these regions accounting for 65% of the world's population. The initiative aims to rally over 200 coal power producers and financiers to scale the early retirement of coal plants while maintaining energy capacity for economic growth. A detailed financing blueprint for target markets is planned for mid-2025.

• Emerging economies experience a significant investment imbalance, receiving only 15% of global clean energy investments despite representing approximately one-third of global GDP and 65% of the world's population.
• The Coal-to-Clean Initiative has already engaged more than 200 stakeholders, including financiers and coal power producers, to facilitate the transition to clean energy.
• The initiative intends to produce a financing blueprint by mid-2025 to provide a detailed roadmap for implementing financing solutions in target markets.
• Global fossil fuel use reached record highs in 2023, contrasting with the rapid growth of renewable energy sources like wind and solar over the last decade.

APA

Hayes, M. (2025). From coal to clean: Financing a just energy transition in emerging markets. World Economic Forum. https://www.weforum.org/stories/energy-transition/financing-a-just-energy-transition-in-emerging-markets/

Chicago

Hayes, Mike. From coal to clean: Financing a just energy transition in emerging markets. World Economic Forum, 2025. https://www.weforum.org/stories/energy-transition/financing-a-just-energy-transition-in-emerging-markets/.

Wikipedia

{{cite press release |last1=Hayes |first1=Mike |title=From coal to clean: Financing a just energy transition in emerging markets |publisher=World Economic Forum |date=20 January 2025 |url=https://www.weforum.org/stories/energy-transition/financing-a-just-energy-transition-in-emerging-markets/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{hayes2025from, author = {Hayes, Mike}, title = {{From coal to clean: Financing a just energy transition in emerging markets}}, publisher = {World Economic Forum}, year = {2025}, month = jan, url = {https://www.weforum.org/stories/energy-transition/financing-a-just-energy-transition-in-emerging-markets/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }