This tweet by Hiro Matsubara just pointed to a new report by IRENA on the fascinating topic of financing renewable energy in developing countries.
It has this to say in its executive summary (on page 19):
Furthermore, given that RE investment has followed broader FDI trends, countries which have poor frameworks for FDI in general cannot expect to attract overseas RE infrastructure finance.
Translated to Mongolia: If you don’t provide for a friendly environment for investors, there goes your chance to host a trillion dollar renewable energy project and help saving the world from global meltdown. Some other desert country will beat you to that price.
