It can facilitate cost-effective access to energy in rural and remote areas, improve energy security and decrease excessive reliance on fossil-fuel imports, and stimulate technology transfer and innovation across the clean energy value chain. Given the current strains on public finances, reform options must focus on ways of leveraging private investment at an unparalleled scale and pace. An important challenge is the need for coherent and consistent signals across different policy areas which traditionally do not take climate-related objectives into account.