High upfront costs for renewable energy technologies further compound the problem. Failure to account for externalities, such as health or the environment, coupled with fossil fuels subsidies, distort the market to the detriment of renewable energy. Knowledge and capacity among potential renewable energy financiers are often limited, resulting in increased risks and elevated costs. Drawing on the latest research and experience in the field of renewable energy finance, and on data and analyses for six developing countries (i.e., Brazil, Egypt, India, Mexico, South Africa and Thailand), this report shows how good policy design can overcome these barriers.
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