1、Scaling Financing for Coal Phase-out in Emerging EconomiesW H I T E P A P E RF E B R U A R Y 2 0 2 5In collaboration with KPMG,and with support from Growald Climate FundImages:Getty ImagesDisclaimer This document is published by the World Economic Forum as a contribution to a project,insight area or

2、 interaction.The findings,interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum,nor the entirety of its Members,Partners or oth

3、er stakeholders.2025 World Economic Forum.All rights reserved.No part of this publication may be reproduced or transmitted in any form or by any means,including photocopying and recording,or by any information storage and retrieval system.ContentsForeword 3Executive summary 4Introduction 51 Bridging

4、 the economic gap:Financing levers for early phase-out 72 Strategic use of concessional financing:Insights from the Philippines 82.1.Overview of the analysis 82.2.Findings 122.3.Implications for coal phase-out financing 152.4.Access to finance 172.5.Mobilizing complementary coal phase-out tools 183

5、Building credible phase-out plans 21Conclusion 23Acronyms 24Glossary 25Contributors 27Endnotes 28Scaling Financing for Coal Phase-out in Emerging Economies2ForewordThe task of transitioning from coal to cleaner energy sources has never been more urgent.With coal power generation in 2024 expected to

6、have reached record levels according to the International Energy Agency(IEA),the path to a low-carbon future depends on accelerating this shift.Yet,financing coal phase-out remains one of the most complex and pressing climate challenges of our time.This paper,developed through expert consultations u