Espen Mehlum

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Espen Mehlum is the Head of Energy, Materials, and Infrastructure Programs, Benchmarking and Regional Action at the World Economic Forum. He has over 22 years of experience in energy, sustainability, and international collaboration. Previously, he was advisor in the Norwegian Ministry of Petroleum and Energy, and Norway’s Energy Advisor to the International Energy Agency.

Philippe Benoit

Oct 17 2022

Policy Note | Scaling Clean Energy through Climate Finance Innovation

Illuminem Voices

Climate Change · Sustainable Finance

Transitioning to a low-carbon energy future consistent with the goals of the Paris Agreement requires trillions of dollars of additional investment in the Global South. Most of this investment will need to be in domestic-oriented projects, generating local currencies and creating domestic development opportunities. However, local capital alone will not be enough, and significant amounts of foreign investments in the form of debt or equity will play a critical role.