March 11, 2021
sprep-pa
At the G7’s virtual summit last month, leaders of the world’s wealthiest nations sought to look beyond the COVID-19 pandemic, vowing to defeat the virus and “build back better” by investing in low-carbon economic development. It is smart policy that should be pursued. But the kind of projects they have in mind--wind turbines, solar panels, and electric transportation--requires a magnitude of capital that isn’t readily available in most low and middle-income countries, particularly after the pandemic’s financial toll.
