In episode five of Power and Planet, economist Avinash Persaud dives deep into the hidden forces shaping our climate future—not technology, but finance. The Currency Trap unpacks how the cost of capital, driven by foreign exchange risk and systemic financial structures, determines who gets to build a sustainable future and who gets left behind. From collapsing solar prices to soaring borrowing costs in developing countries, this episode reveals why some countries are thriving in promoting a sustainable transition while others are struggling—and introduces a bold new solution from the Inter-American Development Bank that could change everything.

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At the Inter-American Development Bank we work to improve lives in Latin America and the Caribbean. http://www.iadb.org