IRENA Report on Financing Renewable in Developing Countries

This tweet by Hiro Matsubara just pointed to a new report by IRENA on the fascinating topic of financing renewable energy in developing countries.

It has this to say in its executive summary (on page 19):

Furthermore, given that RE investment has followed broader FDI trends, countries which have poor frameworks for FDI in general cannot expect to attract overseas RE infrastructure finance.

Translated to Mongolia: If you don’t provide for a friendly environment for investors, there goes your chance to host a trillion dollar renewable energy project and help saving the world from global meltdown. Some other desert country will beat you to that price.

Published by kflenz

Professor at Aoyama Gakuin University, Tokyo. Author of Lenz Blog (since 2003, lenzblog.com).

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