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.
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biodiversity, face unique challenges. Because they are small, their economies are not diversified and hence particularly vulnerable to external shocks, such as the collapse of tourism during COVID 19 or sky-rocketing energy and food prices in the wake of Russia’s invasion of Ukraine. They are also extremely vulnerable to the rising sea levels and extreme weather brought on by climate change.
and the global spillover effects of Russia’s war in Ukraine – being felt more acutely than in the developing world. 
Netherlands for the World Bank 
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