High-level reports on climate finance clarify that the bulk of investments to support wider SDG goals will have to come from private investments. The key obstacle is a business climate that is perceived as being unfavorable, as reflected in credit ratings and other indicators of investment risks.  By contrast, for many Enterprise Data Management Council (EDMC) countries, for the bulk of the energy investments required for near-term mitigation strategies, green is less expensive than fossil-based energy due to favorable climate conditions, which make sun and wind power very attractive. 

The session will discuss recent progress with respect to how three key instruments to derisk investment have contributed to and can contribute further to reducing the cost of capital. The session will aim to provide concrete examples of how this can work in practice by looking at investments in distributed energy that are likely to provide substantial energy resources in EMDC countries, with a strong positive impact on economic and social objectives, as well as greening the energy systems.