Sustainability: Global investors say lack of climate action risks financial crash

Sustainability: Global investors say lack of climate action risks financial crash

Global investors managing a combined $32 trillion in assets warned negotiators at the UN climate summit that the lack of action on climate change could provoke a financial crisis much deeper than the 2008 meltdown. For instance, investment firm Schroders said that the global economy could see losses of $23 trillion in the long run without rapid action. On the contrary, a rapid clean energy transition could result in enormous benefits. “The low-carbon economy presents…

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Sustainability: “CO2 emissions keep rising” – EIA

Sustainability: “CO2 emissions keep rising” – EIA

The stark news that we’re bringing with us to the global climate conference this week is that carbon emissions from advanced economies are set to rise in 2018 for first time in five years. This is particularly worrisome for global efforts to meet the Paris Agreement.  “Our data shows that despite the strong growth in solar PV and wind, emissions have started to rise again in advanced economies, highlighting the need for deploying all technologies and energy efficiency,”…

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Renewables: African Development Bank support for clean energy access falls short of goals

Renewables: African Development Bank support for clean energy access falls short of goals

WASHINGTON, D.C. – As the African Development Bank (AfDB) kicks off its first-ever Africa Investment Forum in South Africa, a new analysis released today finds that the AfDB’s own support for the most cost-effective energy access solutions lags far behind what is needed — in contrast to its world-leading pledge to scale up energy access on the continent. Dozens of civil society organizations signed a letter to AfDB decision-makers that drives home the report’s key messages. The report, assessing nearly…

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Sustainability: UNDP, Partners Support Farmers With Solar-powered Irrigation Pumps

Sustainability: UNDP, Partners Support Farmers With Solar-powered Irrigation Pumps

Imagine having to walk 12kilometers daily to a farm, to produce food to feed your family and many others. This notwithstanding, the biggest challenge is having to look for money especially during the dry season, to hire a petrol or diesel-powered water pump to irrigate your crops. The unsustainability of this irrigation process in the face of climate change was forcing many smallholder farmers like Iddrisu Aboubakar, a Vegetable and Fruit Farmer in Tamalgu in…

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Africa Mining: Zambia targets 200 MW of solar power to reduce hydro dependency

Africa Mining: Zambia targets 200 MW of solar power to reduce hydro dependency

Zambia is seeking proposals from potential developers of solar power projects with a combined 200 MW capacity as it tries to diversify its energy mix away from hydroelectric power. Energy Minister Matthew Nkhuwa said in a statement at an investment conference on Tuesday that the 200 MW would be split into small projects, each with a maximum size of 20 MW. Zambia is heavily dependent on hydropower and faced electricity shortages following a drought in…

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Renewables: Kenya Targets 2020 for 100% RE

Renewables: Kenya Targets 2020 for 100% RE

Kenya aims to meet 100% of its energy needs through renewable sources of energy by 2020, according to the country’s president, Uhuru Kenyatta. Currently renewable energy accounts for 70% of the East African country’s energy mix. To reach this level, massive investment in the sector was required, leading, among other things, to a tripling of the national electrification rate to 60%. “Our goal is to achieve 100% satisfaction with our renewable energy needs by 2020….

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Renewables: Senegal Powering 25 Villages

Renewables: Senegal Powering 25 Villages

Senegal will see 25 villages in the south-east of the country electrified with solar by the end of the year as part of a sustainable development program promoting renewable energies. “Of the 40 villages targeted, more than 25 will be electrified in December. All installation work will be completed before the end of November. These 25 villages will have electricity by the end of December,” said Cheikh Wade, head of monitoring and monitoring at the…

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Africa Oil Week: “Africa to become a global renewable-energy leader” – AfDB president

Africa Oil  Week: “Africa to become a global renewable-energy leader” – AfDB president

African Development Bank (AfDB) president Dr. Akinwumi Adesina says Africa is poised to become the leading region for renewable-energy globally and has reaffirmed the bank’s support for the ambitious ‘Desert to Power’ programme in the Sahel region.

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