Climate finance

I’ve written on Nigeria’s nuclear power ambitions before (here and here), but last month marked my first visit…

In the midst of the coronavirus crisis, 2020 is shaping up as a pivotal year in India’s transition toward renewable energy. Over the prior decade, India dramatically accelerated its deployment of wind and solar power (see figure). Now it must grapple with the challenges of integrating ever-larger quantities of volatile renewable energy into its grid. In the first half of 2020, the government has successfully concluded two creative tenders for flexible renewable energy that represent steps in the right direction—even though serious challenges remain to keep India’s energy transition on track.

We’ve worried that energy projects in Africa, especially renewables, were at risk from rising interest rates and an…

This post is co-authored with Eric Hsu, Edward Miguel, and Catherine Wolfram. Governments and foreign aid institutions routinely…