A brand new coalition has been set up to boost the energy transition across Southeast Asia. In collaboration with public donors and private foundations, France, via Agence Française de Développement (AFD), the German Federal Ministry of the Environment and the Children’s Investment Fund Foundation, have launched the South East Asia Energy Transition Partnership. The aim of this unprecedented coalition is to ramp up the energy transition across the region, with an investment package of $50 million.

The first Finance in Common Summit on November 9 to 12, was hosted remotely from Paris by Agence Française de Développement. The mainly virtual gathering brought together public development banks to discuss the key issues of the 2030 Agenda and to initiate a new coalition. Here are 10 highlights of this unprecedented event.

AFD’s 14th International Development Research Conference, and the Finance in Common Summit were the occasion for an international network of researchers to offer initial recommendations for boosting the potential of public development banks, and for supporting structural transformations, which help pave the way to a fairer and more sustainable global economy.