Images: Getty Images Disclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders. © 2025 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.Contents Quotes from electricity governors 3 Foreword 5 Executive summary 6 Introduction 8 1 Risk management as a driver of the energy transition 9 2 Regional perspectives on financing the energy transition 11 2.1 East Asia and Southeast Asia 12 2.2 South Asia 13 2.3 Middle East 14 2.4 Africa 14 2.5 Europe 15 2.6 North America 15 2.7 Latin America 16 2.8 Regional disparities and common financing challenges 17 3 Investment mechanisms for the energy transition 18 3.1 Government support and regulatory certainty 19 3.2 Revenue guarantees 19 3.3 Export-import guarantees 20 3.4 Blended finance and philanthropy 20 3.5 Sustainable bonds and loans 21 4 Enabling an attractive investment environment 22 4.1 Development finance institutions 23 4.2 Performance guarantees 23 4.3 Integrating infrastructure planning 24 4.4 Fostering international cooperation 24 4.5 Involving and stimulating SME participation 25 Conclusion 26 Annex 27 Contributors 28 Acknowledgments 28 Endnotes 29 Financing the Energy Transition: Meeting a Rapidly Evolving Electricity Demand 2

Financing the Energy Transition 2025