Despite sharp cost decreases and investment increases for some low-carbon technologies in advanced economies and China, other emerging markets and developing economies (EMDEs) have yet to fully tap these investment opportunities. The opportunities arise from the increasing cost competitiveness— if not cost dominance—of technologies like solar photovoltaics (PV) and wind turbines to generate electric power as well as battery electric cars and motorcycles. But so far, most investments in these technologies are in advanced economies and China. Because EMDEs are set to see significant increases in their economic activity and energy use in the coming decades, their prompt pivot to low-carbon technologies is central to both their sustainable development and a stable climate (IEA 2022a, pp. 107–10, 241–46).