A new report published by the World Bank’s Energy Sector Management Assistance Programme (ESMAP) and the International Finance Corporation (IFC) finds that concessional climate financing is essential to unlock offshore wind in emerging markets. The report, titled ‘The Role of Concessional Climate Finance in Accelerating the Deployment of Offshore Wind in Emerging Markets’ was published on September 6 and estimates that $15-billion in concessional climate financing, consisting of both grants and loans, could catalyse offshore wind deployment in up to ten emerging market countries.