气候变化领域集成服务门户(CCPortal): Higher cost of finance exacerbates a climate investment trap in developing economies

CCPortal

DOI	10.1038/s41467-021-24305-3
	Higher cost of finance exacerbates a climate investment trap in developing economies
	Ameli N.; Dessens O.; Winning M.; Cronin J.; Chenet H.; Drummond P.; Calzadilla A.; Anandarajah G.; Grubb M.
发表日期	2021
ISSN	2041-1723
卷号	12 期号:1
英文摘要	Finance is vital for the green energy transition, but access to low cost finance is uneven as the cost of capital differs substantially between regions. This study shows how modelled decarbonisation pathways for developing economies are disproportionately impacted by different weighted average cost of capital (WACC) assumptions. For example, representing regionally-specific WACC values indicates 35% lower green electricity production in Africa for a cost-optimal 2 °C pathway than when regional considerations are ignored. Moreover, policy interventions lowering WACC values for low-carbon and high-carbon technologies by 2050 would allow Africa to reach net-zero emissions approximately 10 years earlier than when the cost of capital reduction is not considered. A climate investment trap arises for developing economies when climate-related investments remain chronically insufficient. Current finance frameworks present barriers to these finance flows and radical changes are needed so that capital is more equitably distributed. © 2021, The Author(s).
语种	英语
scopus关键词	carbon; alternative energy; developing world; electricity generation; finance; green economy; investment; Africa; Article; climate; climate change; controlled study; economic aspect; electricity; finance; financial market; investment; renewable energy; South America; Western Europe; Africa
来源期刊	Nature Communications
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/251404
作者单位	Institute for Sustainable Resources, University College London, London, United Kingdom; UCL Energy Institute, University College London, London, United Kingdom; Chair Energy and Prosperity, Risk Foundation Institut Louis Bachelier, Paris, France
推荐引用方式 GB/T 7714	Ameli N.,Dessens O.,Winning M.,et al. Higher cost of finance exacerbates a climate investment trap in developing economies[J],2021,12(1).
APA	Ameli N..,Dessens O..,Winning M..,Cronin J..,Chenet H..,...&Grubb M..(2021).Higher cost of finance exacerbates a climate investment trap in developing economies.Nature Communications,12(1).
MLA	Ameli N.,et al."Higher cost of finance exacerbates a climate investment trap in developing economies".Nature Communications 12.1(2021).