How Development Banks Could Unlock Billions for Renewable Energy

Year after year, the leaders of developing countries across the globe plead with high-income countries to invest in a global green transition. Many low-income countries are open to exploiting their natural resources to develop their renewable energy capacity, through wind and solar, and other energy projects. However, establishing new energy sectors and transitioning away from a reliance on fossil fuels will require significant financing, and many countries simply do not have the funds to invest in green energy. Now, the Inter-American Development…