Clifford Chance

Funding the energy transition: Mobilizing private finance for net zero

1 December 2023

As world leaders gather at COP28 in Dubai, there is widespread acknowledgment of the scale of action required to address climate change by accelerating the development of low-carbon energy sources, while also decarbonizing industry and transportation.

This global energy transition will require largescale construction of renewables and other low-carbon energy infrastructure worldwide (particularly challenging in developing economies) as well as the development and implementation of new technologies and the scaling-up of existing technologies. Investments in batteries for energy storage and electric vehicles, carbon capture and storage (CCS), sustainable aviation fuels (SAF), and green hydrogen, among others, are needed to reduce greenhouse gas emissions in hard-to-abate sectors in addition to power generation.

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