This report was developed by the OECD Environment Directorate and the Energy Sector Management Assistance Program (ESMAP) of the World Bank’s Energy and Extractives (EEX) Global Practice.
The report is co-authored by Moongyung Lee, Joana Argemí Ribalta, Joseph Cordonnier (OECD), Silvia Carolina Lopez Rocha and Dolf Jean Gielen (the World Bank), with strategic insights from Deger Saygin (OECD) and Michelle Hallack (ESMAP). It was developed by the OECD Clean Energy Finance and Investment Mobilisation (CEFIM) programme, as part of the programme of work of the OECD Working Party on Finance and Investment for Environmental Goals (WPFIEG) under the Environment Policy Committee (EPOC). The team would like to thank Yuval Laster, Head of the Finance, Investment and Global Relations Division at the OECD Environment Directorate and Chandrasekar Govindarajalu at the World Bank for their managerial guidance and support.
The authors are thankful for the feedback received from the following OECD and the World Bank group colleagues: Geraldine Ang, Ariola Mbistrova and Eleonora Moro (OECD); Peter Mockel and Margaret Monyeh (International Finance Corporation); Alan Narayadu (Multilateral Investment Guarantee Agency).
The authors are grateful to external reviewers: Alena Fargère (AKKA Equity); Roberto Gonzalez, Dimitrios Koufos, Gianpiero Nacci and Marise Westbroek (European Bank for Reconstruction and Development); Hyerin Park (ENGIE); Susana Moreira and Julian Reul (H2Global Foundation); Yoshitaka Hidaka (Japan Bank for International Co‑operation); Mphokolo Makara (Standard Bank Group); Pablo Navacerrada Busquets (United Nations Industrial Development Organisation).
The authors extend their gratitude to Alena Fargère for development of case studies presented in this report, enriched by valuable input from the following experts: Jim Brands (Climate Fund Managers); Fabio Grandchamp (Complexo do Pecem); Jacob Englander, Neha Rustagi and Joseph Stanford (Federal Government of the United States); Magued Bahaa, Ahmed Bakly and Heba Youssef (Government of Egypt); Prasad Chaphekar (Government of India); Daisuke Hirota, Wataru Kaneko and Noriya Udagawa (Government of Japan); Ella Carmi, Julien Comiti, Pierre‑Germain Marlier and Aleksandra Policha Lebrethon (Hy24 Partners); Janaina Borges de Padua Goulart, Rafael Cavazzoni Lima and Andrea León Cueva (Inter-American Development Bank); Sakshi Jagtap, Naresh Lalwani, Chandrakant Mahalingam and Roshan Mandui (JSW Energy), Prabodha Acharya (JSW Group); Taia Kronborg (Lhyfe); Andrew George, Murray Haynes, Mark Heneghan and Nadine Rodgers-Callan (Marsh); Patrick Hinze and Bernhard Schneider (Munich Re); Joonwoo Cho (Posco Holdings); Marwan Assar (Scatec); Janina Andrea Franco Salazar (the World Bank).
The report benefitted from the insights of a workshop organised on de-risking instruments and international co-ordination for clean hydrogen in emerging markets and developing economies, bringing together over 160 participants. The authors are grateful to Gadi Taj Ndahumba (African Development Bank – African Legal Support Facility); Ana Maria Ruz (Chilean Economic Development Agency); Hyerin Park (Engie); Mphokolo Makara (Standard Bank Group); and Jeroen Weurding (Swiss Re) for their contribution to the event.
The authors are especially grateful to Ria Sandilands for her assistance with co-ordination and communication, and Dominique Haleva and Roberto Lonetti for their editorial support. The authors extend their gratitude to Jehison Hernandez Mujica for his support with the surveys and the infographics.