Davos 2023

Foreign investment in clean energy for the Global South is a must. How can we manage the exchange rate risks?

An exchange rate coverage facility could help developing countries move towards net zero.

An exchange rate coverage facility could help developing countries move towards net zero. Image: Getty Images/iStockphoto

Philippe Benoit
Adjunct Senior Research Scholar, Center on Global Energy Policy, Columbia University
Jonathan Elkind
Senior Research Scholar, Center on Global Energy Policy, Columbia University
Justine Roche
Lead, Energy Initiatives, World Economic Forum
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Davos 2023

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Clean Energy Exchange Rate Coverage Facility model.
Clean Energy Exchange Rate Coverage Facility model. Image: Center on Global Energy Policy, Columbia University
The “ladder” of coverage for local currency depreciation in the ERCF.
The “ladder” of coverage for local currency depreciation in the ERCF. Image: Center on Global Energy Policy, Columbia University
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Related topics:
Davos 2023Energy TransitionSustainable Finance and InvestmentClimate and Nature
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