Scaling Financing for Coal Phase out in Emerging Economies 2025

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 Foreword 3 Executive summary 4 Introduction 5 1 Bridging the economic gap: Financing levers for early phase-out 7 2 Strategic use of concessional financing: Insights from the Philippines 8 2.1. Overview of the analysis 8 2.2. Findings 12 2.3. Implications for coal phase-out financing 15 2.4. Access to finance 17 2.5. Mobilizing complementary coal phase-out tools 18 3 Building credible phase-out plans 21 Conclusion 23 Acronyms 24 Glossary 25 Contributors 27 Endnotes 28 Scaling Financing for Coal Phase-out in Emerging Economies 2