Scaling Up to Phase Down: Financing Energy Transitions in the Power Sector
The Scaling Up to Phase Down approach is a contribution by the World Bank to the ongoing debate on how to accelerate energy transition in low- and middle-income countries.
The energy transition is the process of shifting the global energy system away from the consumption of fossil fuels and toward low-carbon technologies in order to support international goals of limiting climate change. The power sector transition will advance energy efficiency and decarbonize the energy supply by expanding renewable energy and strengthening electricity networks in order to integrate renewable energy, demand-side management, and end-use electrification.
For the first time, the World Bank has outlined a vision for how the international community can support low- and middle-income countries to overcome critical barriers that are paralyzing the power sector transition.
