Common Risk Mitigation Mechanism (CRMM)
➖ Formally announced at the COP24 under the International Solar Alliance (ISA)
➖ Objective: De-risking and reducing the financial cost of solar projects in ISA-member countries.
➖ CRMM will act as a pooled insurance with limited liability.
➖ Banks and multi-lateral institutions can contribute to the fund for a marginal premium.