
This episode of TED Business features a talk by Sebastian Kind on how Argentina successfully transitioned to renewable energy in just six years. Kind emphasizes the importance of making renewable energy economically viable and convenient for both buyers and sellers by building trust and minimizing financial risks for investors through long-term commitments and unique investment guarantee schemes. He shares how creating a cross-party consensus and offering financial protections, such as the "worst-case scenario waterfall" involving energy payment guarantees, treasury notes, and international backstops, were crucial in attracting investment and driving down the costs of renewable energy. The episode also includes commentary from Modupe Akinola, who reflects on the challenges Kind overcame and the lessons applicable to overcoming political division to achieve effective governance. The episode is interspersed with advertisements for TUI and Solidime.
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