renewables

Africa: “Continent needs cash, science for new clean energy model of development” – leaders

Posted on March 15, 2019March 23, 2019 by Mozambique Resources Post

African countries must tackle climate change with a new economic model rooted in clean energy, forest protection and technology to support farmers – but they will need more investment and research to make that happen, leaders said on Thursday. French President Emmanuel Macron, who hosted the “One Planet” climate summit in Nairobi, highlighted the example of West Africa’s Solar Mamas, a group of female engineers who install solar systems in their villages. Their work both…

Sustainability: “We Should Take Climate Change Seriously” – BP Manager

Posted on March 6, 2019 by Mozambique Resources Post

The world and the oil and gas industry need to start tackling in earnest climate change, Spencer Dale, group chief economist at supermajor BP, told The Washington Post in an interview published on Tuesday. “All the climate arguments are real, urgent and important,” Dale told The Washington Post’s Dino Grandoni. The longer the industry and the world wait until they start addressing carbon emissions, the more “draconian” changes the global economy will see in the…

Africa Mining: Companies operating in Sub-Saharan Africa should invest in renewable energy — report

Posted on February 27, 2019February 27, 2019 by Mozambique Resources Post

A report published by Fitch Solutions states that due to the prevalence of off-grid remote mineral deposits in Sub-Saharan Africa and the fact that traditional grid-power tends to be unreliable in those mines, mining companies operating in the region should invest in renewable energy.

Africa Renewables: Sweden Expands Support For Off-Grid Energy

Posted on February 26, 2019February 26, 2019 by Mozambique Resources Post

SIDA, the Swedish International Development Cooperation Agency, is halfway through a 5-year commitment to bringing off-grid solar power to Zambia, one of the many countries that make up sub-Saharan Africa, where 70% of the people have no access to a functioning electrical grid. Those that do are often bedeviled with frequent interruptions of service and high utility bills. In the absence of reliable access to electricity, many rely on diesel generators for power but the…

Global Market: Renewable energy and natural gas dominate growth

Posted on February 20, 2019February 20, 2019 by Mozambique Resources Post

According to BP’s (NYSE: BP) latest energy outlook, renewable energy and natural gas will together claim 85 percent of the world’s energy supply growth through 2040. The new analysis “brings into sharp focus just how fast the world’s energy systems are changing, and how the dual challenge of more energy with fewer emissions is framing the future,” BP CEO Bob Dudley said.

Global Industry: Renewables investment falls short of lofty ambitions

Posted on February 6, 2019February 6, 2019 by Mozambique Resources Post

A yawning investment gap in clean energy means it is still just a marginal part of many portfolios.

Africa Renewables: Angola and UAE to Cooperate on Energy

Posted on January 28, 2019January 28, 2019 by Mozambique Resources Post

Angola signed three cooperation agreements with the UAE. The agreements cover the fields of energy production, transmission and distribution, as well as in the supply of drinking water. These agreements concern the setting up of a power plant in Moxico and the installation of an electrical transmission system in order to integrate the eastern region of the country into the entire national electricity grid. The plant will have a projected capacity of 350 to 400…

Renewables: Shell says it wants to double green energy investment

Posted on December 26, 2018December 28, 2018 by Mozambique Resources Post

Shell has declared an ambition to double the amount it spends on green energy to $4bn a year, in a sign of how the Anglo-Dutch company is looking to speed up its move to a future beyond oil and gas.

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

Posted on December 12, 2018December 12, 2018 by Mozambique Resources Post

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…

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

Posted on November 30, 2018 by Mozambique Resources Post

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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