In collaboration with KPMG,and withWORLDsupport from Growald Climate FundECONOMICScaling Financing for CoalPhase-out in EmergingEconomiesWHITE PAPERFEBRUARY 2025Images:Getty ImagesContentsForeword3Executive summary4Introduction51 Bridging the economic gap:Financing levers for earty phase-out72 Strategic use of concessional financing:Insights from the Philippines82.1.Overview of the analysis82.2.Findings122.3.Implications for coal phase-out financing152.4.Access to finance172.5.Mobilizing complementary coal phase-out tools183 Building credible phase-out plans21Conclusion23Acronyms24Glossary25Contributors27Endnotes28Disclaimerto a project,insight area or interaction.The findings,interpretations andendorsed by the World Eoonomic ForumForum,nor the entirety of its Members,be reproduced or transmitted in any formScaling Financing for Coal Phase-out in Emerging Economies 2