Sebastián Kind

In other words, we told investors that no matter what's going on, they will get their investment back in the currency of their choice, wherever in the world they would like.

So now, it's a different thing, right?

So the water of international finance

could start flowing.

But what does this really mean in practical terms?

Before I took office, Argentina was negotiating contracts at the $350 range in the solar business.

Long-term contracts, but short-term view, super expensive, and of course, not competitive at all against fossil fuels.

Not convenient.

In less than six months, we brought prices down by a factor of seven to the $50 range.

We brought $11 billion into the economy.

In the wires, more than 200 projects all around the country are making today a place where, on some days, nearly 40% of its electricity comes from wind and solar.

And drum roll, please.

The country is saving today.

over $2 billion in hard currency per year.

This is more than $40 billion in the life of the assets, equivalent to the entire debt that the country has with the IMF, the largest in the world by far.

more than 300 million tons of CO2 avoided.

This is the real impact of what a well-structured and trustworthy program can offer.

But I knew that this was not only a problem affecting Argentina.

More than 70% of the countries in the world suffer about the same.

So I decided to leave the government a few years ago, and with the support of Climate Breakthrough, I created a nonprofit organization.