Jonathan Elkind

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Jonathan Elkind is a fellow and senior research scholar at the Center on Global Energy Policy. Previously, from 2009 to 2017, he worked on international energy and climate issues at the United States Department of Energy, helping to coordinate energy policy in the Obama Administration. He departed DOE as Assistant Secretary for International Affairs.

Philippe Benoit

Feb 22 2023

Overcoming the Currency Mismatch to Finance Clean Energy in Developing Countries

Illuminem Voices

Energy Transition · Sustainable Investment

Meeting our climate change goals will require massive investments in clean energy projects, in both advanced economies and across the Global South. But financing projects in the latter group of countries requires an increase in foreign capital inflows that will be constrained by currency exchange rate risk. Creating an innovative Exchange Rate Coverage Facility can help to overcome this constraint.

Policy Note | Scaling Clean Energy through Climate Finance Innovation

Philippe Benoit

Oct 17 2022

Policy Note | Scaling Clean Energy through Climate Finance Innovation

Climate Change

Transitioning to a low-carbon energy future consistent with the goals of the Paris Agreement requires trillions of dollars of additional investment in the Global South. Most of this investment will need to be in domestic-oriented projects, generating local currencies and creating domestic development opportunities. However, local capital alone will not be enough, and significant amounts of foreign investments in the form of debt or equity will play a critical role.

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Philippe Benoit

Oct 17 2022