Presented from the perspective of leading renewable energy financiers from London and the Middle East and North Africa (MENA), this report describes the opportunities and challenges of renewable energy finance in the MENA region. The MENA region is attractive to investors today for several reasons; however, policy and regulation are central to investment conditions. Most MENA governments do not have a national renewable energy regime in place, making investment decisions in the region challenging.

This report finds that in order to stabilize the global temperature at an acceptable level, USD 34 billion of additional public funding is required to stimulate private capital for green investments. The authors find that this level of additional public support could mobilize USD 570 billion of private investment. The report suggests public finance—combined with the proper policy support—should strategically target private capital through measures such as guarantees, insurance products, and incentives.