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Speech by President von der Leyen at the launch of the Global Energy Transition Forum

· Ursula von der Leyen, President of the European Commission (European Union)

Summary written by Dark Majestic in its own words · topics: climate, energy and nature, growth, investment and productivity

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· Ursula von der Leyen Wiki · European Commission WikiSpeech by President von der Leyen at the launch of the Global Energy Transition Forum

ContextSpeech at the launch of the Global Energy Transition Forum during the World Economic Forum in Davos; the European Commission proposes EU policies and wants to speed up the clean energy shift.

Why it mattersThe initiative targets the high cost of capital that slows clean power in developing countries.

Problems raised
  1. The clean energy transition must go faster worldwide.
  2. Financing costs are too high in many countries.
  3. Private capital is not flowing in sufficient volume.
Solutions proposed
  1. Launch a global forum to accelerate the energy transition.
  2. Use de-risking tools and blended finance to lower costs.
  3. Work together internationally to unlock investment.
Read full speech on ec.europa.eu ↗

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