Concessional climate financing could be the key to unlocking the immense decarbonization potential and socioeconomic benefits of offshore wind in emerging markets. WASHINGTON, 6 September 2023 - A new report published today by the World Bank's Energy Sector Management Assistance Program (ESMAP) and the International Finance Corporation (IFC) finds that concessional climate financing is essential to unlock offshore wind in emerging markets and estimates that $15 billion in concessional climate financing, consisting of both grants and loans, could catalyze offshore wind deployment in up to ten emerging market countries.

https://www.miragenews.com/concessional-climate-finance-key-to-boost-1079030/

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