Powering the Future: Innovative Renewable Energy Projects Around the World

by Jeremy Hinsdale

“The growth of floating solar also illustrates another, broader phenomenon,” says Columbia Business School climate economist Gernot Wagner. “Solar panels are so cheap these days they’re being installed as everything from garden fences to carports. The solar fence may not be as cheap as wood quite yet, but it keeps the dog in and the car charged. Similarly, the floating panel may not be as cheap as a simple tarp, but it decreases evaporation and generates electricity to boot.”

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The trend is clear. So are the challenges. One key task is to de-risk capital investments to lower costs. This is where public climate finance must play its most critical role – not as charity, but as leverage.

25 Jul 26