09 Apr '18, 4am

Why Local Is Better than Global in the World of Low-Carbon Finance - Rocky Mountain Institute:

Why Local Is Better than Global in the World of Low-Carbon Finance March 27, 2018 | By Angela Whitney Building climate-friendly technologies comes with a price tag; installing solar panels, erecting wind turbines, and implementing new public transportation systems all cost money. Yes, these projects often pay for themselves in the medium run, and are often even cheaper than high-carbon alternatives on a life-cycle basis, yet the up-front costs can be daunting for lower-income countries with modest public resources and underdeveloped capital markets. How to most effectively mobilize financing for low-carbon projects in developing countries— where two-thirds of all climate-friendly infrastructure funds are needed—has long been a focus on the world stage of climate negotiations. And because virtually every country in the world has committed to undertake ambitious climate acti...

Full article: https://rmi.org/news/local-better-global-world-low-carbon...

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