developing world produces 63% of greenhouse-gas emissions, led by China and India. America and Europe cajole them in the hope of accelerating their transition away from fossil fuels. New onshore solar- and wind-power facilities are now cheaper to build than new coal and gas plants, and private finance will flow if regulated appropriately, proclaim Western officials. They preach at conferences likein Sharm El Sheikh, asking developing countries and the emerging industries in them to do more.
Despite being less responsible for the state of climate change than rich countries are, developing countries face higher costs of capital as they seek funding for green projects. According to the International Energy Agency, before the Federal Reserve started the current tightening cycle, the average cost of capital for a solar-project was as low as 2.5% in developed countries and China, but as high as 13.5% in developing countries.
When global risks rise, demand grows for a handful of international reserve currencies such as dollars, euros and yen. This enables issuing countries to respond to the crisis with expansionary fiscal and monetary policies, In the bond markets, only about 10% of financing for sustainable projects goes to developing countries other than China, according to the International Energy Agency. There are no queues of private-sector financiers forming to fill the funding gap in South Africa’s Just Energy Transition Partnership, signed in 2021. Agreements such as this see rich-country donors, with their own budget constraints, offering a modest mix of foreign-currency loans and grants for projects.
AvinashPersau15 Western nations have never paid the debt to planet earth for their centuries of industrial revolution. Time has come to pay up trillions now
AvinashPersau15 There’s no need to worry about the climate. No amount of money will make any difference. Don’t throw your money away on this farce. It’s that simple.
AvinashPersau15 That will make many of these conceited elitists filthy rich. They are all working on a commission of what they can take from us. Universities will be able to build cities around their campuses. They will be able to house many pervs and American enemies.
AvinashPersau15
AvinashPersau15 Even developed nations are drowning in 'oceans of debt'.
here we go again
Clouds are responsible for the vast majority of climate change
a relatively small number of power plants globally that are responsible for the majority of CO2 emissions from making electricity.
The Climate Crisis is a scam to control people government have leveraged this scam for more power.
Countries are not responsible for climate change, it is a natural cyclical process that has occurred since Earth was formed. However man is respinsible for stripping earths resources and continuous population growth will eventually endanger mankind.
Because corrupt white elephant projects that are done simply to enrich politicians in developing countries and their cronies have a higher risk profile. Everyone knows these projects aren't going to do a damn thing about the climate.
Your odious clients gouging the poor . Again.
AvinashPersau15 👎🏿