Managing Foreign Exchange Rate Risk for Transformational Climate Solutions
Currency exchange rate risks are a key barrier to large-scale foreign investment in climate solutions, such as renewable energy, in developing countries. In order to achieve the transformation required to meet Paris Agreement goals, low- and middle-income countries need trillions of dollars in addit
...Currency exchange rate risks are a key barrier to large-scale foreign investment in climate solutions, such as renewable energy, in developing countries. In order to achieve the transformation required to meet Paris Agreement goals, low- and middle-income countries need trillions of dollars in additional investments, only a portion of which can be generated domestically. This means addressing foreign currency exchange rate risks is an urgent priority for mobilizing climate finance.