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Central Banks Emerge as Threat to Debt-Funded Green Energy Boom

  • Wind and solar power developments rely on cheap finance
  • Concern about whether ever-plunging renewables costs can last
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How to Hit the Brakes on Climate Change

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Central banks are emerging as a bigger threat to the green-energy revolution than Donald Trump.

While the U.S. president is tinkering with rules to give coal a leg up over wind and solar, it’s higher interest rates that threaten to scale back the flow of cheap financing that helped funnel $2.9 trillion into renewables in the past decade.