Scaling Up to Phase Down: Solutions to Finance the Energy Transition in Developing Countries

Low- and middle-income countries need to transform their power sector infrastructure at an unprecedented scale and pace to meet climate and development goals. The World Bank’s new framework “Scaling Up to Phase Down” maps out a 6-step virtuous cycle to help these countries overcome critical barriers that are paralyzing their energy transition and catalyze investments. Despite accounting for two-thirds of the global population, developing countries receive only one-fifth of global energy investment. They need affordable financing, especially at the start of their energy transitions, to improve sector conditions and attract growing volumes of private capital. Join us live from the headquarters of the World Bank Group. Be sure also to share your thoughts and questions in advance in the chat box! Our team of experts will answer them during the live event. Learn more: http://wrld.bg/nns450OgfYm

SPEAKERS
- ​Axel van Trotsenburg, Senior Managing Director, World Bank
- Leila Benali, Minister of Energy Transition and Sustainable Development, Morocco
- Alexia Latortue, Assistant Secretary for International Trade and Development, U.S. Treasury
- Febrio Nathan Kacaribu, Head of Fiscal Policy Agency, Ministry of Finance, Indonesia
​- ​Paul Bodnar, Director of Sustainable Finance, Industry, and Diplomacy, Bezos Earth Fund
​- Guangzhe Chen, Infrastructure Vice President, World Bank​
- Demetrios Papathanasiou, Energy & Extractives Global Director, World Bank

AGENDA
00:00 Explainer video
01:58 Welcome
04:32 Opening remarks
08:30 Introduction of the panel discussion
09:39 Q&A | Morocco: Challenges in the energy transition
13:13 Q&A | Engaging the private sector
19:00 Q&A | Facilitating market dynamics for renewable energy
24:03 Q&A | Indonesia: Phasing down coal
29:31 Q&A | Morocco: Financing for the energy transition
33:05 Presentation of Scaling Up to Phase Down
45:27 Q&A | How to move faster
47:06 Q&A | Sustainable use of coal
50:12 Q&A | Strengthening institutions
52:32 Q&A | Implications of debt distress
56:13 Closing remarks

ABOUT THE WORLD BANK GROUP The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org