fromState of the Planet
1 day agoClimate Action Costs More in the Global South. Here's Why.
Clean energy technologies have become more affordable around the world. Yet for many countries in the Global South, the cost of transitioning to a low-carbon economy remains disproportionately high. But not because the equipment is more expensive: in fact, solar and wind components are often imported at comparable prices around the world, as global manufacturing scale and trade have helped standardize hardware costs. Instead, the disparities in financing costs reflect the way the global financial system fails to adequately capture, differentiate and price risk.
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