WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 219
Market Data
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ENERGY IN
THE REGIONS
HOME
Changing commitments and focus
FIGURE 6
Government Clean Energy Investment Support And Consumer Energy Affordability Spending Earmarked By
Region, Q2 2023, In $ Bn
1252
Advanced Economies
763
• As of Q2 2023, the vast majority of spending
on both a昀昀ordability and clean energy remains
concentrated in advanced economies, which
now account for 93% of total government
clean energy investment support and 85% of
consumer a昀昀ordability support tracked to date
• As of Q2 2023, spending by EMDEs on
a昀昀ordability measures increased compared to
the past six months by additional $23 Bn
• These measures were largely in the form of
direct transfers to energy companies for keeping
prices at a昀昀ordable levels through the early part
of the energy crisis, as was the case in Indonesia,
Mexico, Nigeria, and Malaysia
92
Emerging Markets and Developing Economies
137
Consumer enery a昀昀ordability spending
Source: IEA
219
WEMO 2024
Clean Energy Investment support
