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 unfavourable, as reflected in credit ratings and other indicators of investment risks. By contrast, for many EDMC countries, for the bulk of energy investments required for near term mitigation strategies, green is less expensive than fossil-based energy due to favourable climate conditions that 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 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 a very substantial part of energy resources in EMDC, with a strong positive impact on economic and social objectives, as well as greening the energy systems.