Table 1 WACC aggregation to reflect TIAM-UCL model regional representation.

From: Higher cost of finance exacerbates a climate investment trap in developing economies

Regions in TIAM-UCL model

WACC dataset47

Africa

Global emerging countries plus Africa risk premium

Australia

Australia

Canada

Canada

Central and South America

Latin American countries

China

China

Eastern Europe

Bulgaria, Croatia, Czech Republic, Hungary, Poland, Slovakia, Slovenia

Former Soviet Union

Lithuania

India

Emerging countries

Japan

Japan

Mexico

Mexico

Middle-East

Asian countries

Other Developing Asia

Asian countries

South Korea

Asian countries

United Kingdom

United Kingdom

USA

USA

Western Europe

Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Spain, Sweden, Switzerland

  1. The WACC for Africa is computed as the sum of the WACC in global emerging countries plus an extra country risk premium (5%) to better reflect African countries risk premiums’ median values27.