Lower income countries cannot afford the upfront costs of transitioning to clean energies. But the World Bank has mapped out a solution. Watch how we can build a ‘virtuous cycle’ to propel a pipeline of renewable energy projects that attract private investment.
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International Economics: IB Economics
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A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by
Graham Watson
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This World Bank highlights the barriers to developing economies adopting clean energy sources. The biggest obstacle seems to be the high fixed costs of renewable energy networks, and accessing the financing required to invest in this infrastructure.
This is where the World Bank comes in: in encouraging developing economies to scale up to phase down - and helping them access the private sector investment funds to enable them to do this.