Document Type

Arguendo (Online)

Abstract

One of the symposium panels discussed financing clean energy projects. One panelist in particular expressed concern about how to build developing countries’ institutional capacity to utilize international financing for green energy. Global institutions like the World Bank and the International Monetary Fund (IMF) provide loans to developing countries conditioned on the countries privatizing and deregulating their energy sectors—otherwise known as austerity. While austerity measures may make sense in developed countries, this Comment argues that developing countries often lack the infrastructure needed to effectively utilize international financing precisely because the loans are conditioned on austerity. The World Bank and the IMF should therefore change the conditions of their loans from privatization to public-sector investment in infrastructure. Amending the conditions for green energy loans would make privatization more feasible in the future and promote the transition to green energy in developing countries.

DOI

10.37419/LR.V11.Arg.5

First Page

Last Page

Recommended Citation

Zach Fechter & Meagan Corser, Getting to Green: International Financing for Green Energy Infrastructure in Developing Countries, 11 Tex. A&M L. Rev. Arguendo 57 (2024).
Available at: https://doi.org/10.37419/LR.V11.Arg.5