Financially I assume the analysis was done by the people committing $22bn. Presumably the investment in the region will both spur local development (jobs and in

Financially I assume the analysis was done by the people committing $22bn. Presumably the investment in the region will both spur local development (jobs and infrastructure) as well as other forms of development. The thing about solar is that people tend to overbuild it, since you need to ensure that there’s sufficient capacity even when it’s cloudy or the sun is low in the sky, so power near the generation sources should be relatively inexpensive when the sun is shining (and if more is needed, scaling existing solar plants will be much cheaper than building new infrastructure.) And then of course there’s the very real benefit that decarbonizing Europe will have on the undeveloped world, which is going to bear the brunt of the effects of climate change.