The clean energy transition represents more than a climate imperative. It is a fundamental opportunity to redefine economies and rewire global development.
While renewables promise new jobs, industry, and investment for low- and middle-income countries, the transition forces difficult conversations on critical mineral extraction, green supply chains, and labor ethics, raising the core question of whether it will bring genuine opportunity or simply reinforce old patterns of dependency.
Multilateral development banks are central to scaling up climate finance, having committed over $85 billion to low- and middle-income countries in 2024. However, this large sum is difficult to track, prompting crucial questions about the money’s impact and transparency.
About the author
Thomas Cserep
Thomas Cserép is an Associate Editor who manages and oversees Devex's social media presence, coordinates Devex’s audience outreach, and produces the This Week in Global Development podcast. Prior to Devex, he worked as a freelance journalist, with his writings appearing in a variety of publications, including Get Spanish Football News and the magazine of the Hungarian Geographic Society.
