世界经济论坛-扩大新兴经济体煤炭淘汰融资规模（英）-2025.2_30页_1mb

Summary

This report examines the financing mechanisms required to accelerate coal phase-out in emerging and developing economies (EMDEs). It highlights the critical role of financial restructuring, specifically through re-gearing and loan tenor extensions, as alternatives to highly concessional financing. These approaches enable early plant retirements by offering asset owners substantial equity payouts, thereby mitigating risks and incentivizing transition.

Key findings emphasize that financial re-gearing can achieve significant emission reductions, delivering equivalent results to traditional concessional financing but with lower costs. Case studies from the Philippines demonstrate the effectiveness of re-gearing in reducing capital costs and facilitating early closures. However, scaling these solutions requires complementary policies, such as carbon pricing and renewable energy incentives, to address broader systemic barriers.

The report calls for further development of investible financing vehicles, stress-testing of these mechanisms with stakeholders, and the creation of standardized frameworks to ensure transparency and accountability. Collaboration between governments, multilateral institutions, and private finance is essential to unlock the necessary capital and drive a just and efficient coal transition.