Access to energy is essential to every aspect of people’s lives. But hundreds of millions of people live without electricity – and that number rose in 2022 for the first time in decades. It is beyond time to democratize access to safe, reliable, affordable energy sources for all people, everywhere.
However, we are at least a decade late in our efforts to combat global warming. Investment in renewable energy in developing countries is therefore essential and often the most economical way to bridge the energy gap. But while the transition to renewable energy is a global priority, investments in energy infrastructure and efficiency still fall far short of what is needed.
The World Investment Report therefore has an important role in the biggest battle of our lifetime: keeping temperature increases below the agreed limit of 1.5°C. By monitoring global, regional and national investment trends and developments, this report supports policymakers by showing where investment is on track, and where more is needed. The report’s recommendations are an important guide to boosting climate finance and investment in developing countries – one of the most important factors in combating the climate crisis.
This resource provides further guidance related to the Direct Foreign Investment Supplement of the Climate Investment Planning and Mobilization Framework (CIPMF).