. In the report, Wärtsilä notes that as the transition picks up speed in developed and emerging countries, a lack of access to capital is stalling traction in developing countries, especially in Africa.
The systems modeled by Wärtsilä will require a total investment of around $119 billion over the next decade. Wealthy nations would need to deliver on the promise made in 2009 to bring $100 billion annually in climate finance from 2020 to anchor these investments. Here are the key findings from Wärtsilä’s modeling for power system decarbonization pathways for the three countries:can cut electricity costs by 74% on its path to net zero by 2060. Wärtsilä’s modelling shows that Nigeria can build a 100% renewable net zero power system by 2060, comprising around 1,200 GW of clean capacity, in line with its ’