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Between 2017 and 2022, Viet Nam's power sector saw a total of USD 64 billion in reported investment, with renewable energy (RE) dominating at 64.54% (USD 41.3 billion) compared to fossil fuels (FF) at 35.13% (USD 22.5 billion). RE growth was primarily driven by generous Feed-in Tariffs (FiTs) and domestic private investment, which provided approximately 80% of RE finance. In contrast, FF finance was dominated by international sources, particularly Japan for coal. While gas investment surged in 2021 as a transitional fuel, coal investment ceased in 2022 following net-zero commitments. Despite RE growth, a significant financing gap remains; BloombergNEF estimates an annual requirement of USD 30.7 billion to meet a net-zero scenario by 2030, far exceeding the USD 6 billion invested in 2023.

In 2019/20, Ethiopia's tracked climate finance averaged USD 1.7 billion, representing only 7% of its estimated annual needs of USD 25.3 billion. The landscape is heavily dominated by international public finance (92%), with a strong preference for adaptation projects (56%) over mitigation (38%). While the Agriculture, Forestry and Other Land Use (AFOLU) sector received the most sectoral finance (29%), it remains significantly underfunded relative to its 83% contribution to national GHG emissions. Key barriers to scaling finance include a highly regulated financial sector, lack of a stock market, unfavorable collateral policies for SMEs, and a heavy reliance on grants over private capital. The report recommends establishing a comprehensive climate budget tagging system, conducting bottom-up needs assessments, and developing capital markets to mobilize private investment.