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PAC Capital completes $443m deal for Etu Energias acquisition of Galp assets offshore Angola
Each one degree rise in global temperature reduces world GDP by 12%, says study
Each one degree rise in global temperatures reduces world GDP by 12%, according to a new study by economists Adrien Bilal and Diego Känzi, published in Maym, which could reduce global GDP by half by the end of the century.
Africa's energy ambitions stifled by investment shortfall
Africa's economic and social development hinges on access to affordable, reliable and sustainable energy. Despite vast energy resources, the continent remains energy poor and lacks sufficient investment to just keep up with population growth.
IMF: Three quarters of the world’s wealth is owned by 10% of its people, who account for half of the CO2 emissions
The state of global inequality is alarming, showing no significant improvement over the past century, according to the World Inequality Report 2022,
Kosovan opposition slams government over €21mn payout to Contour Global
As Pristina seeks to promote renewables, the cancelled Kosova e Re coal fired power plant project remains a headache for PM Albin Kurti’s government.
MEOG: North Oil raises Kirkuk output
AfrOil: Shell seeks South African government authority to drill for oil in deep-sea Orange Basin
Iran experiences unprecedented heat wave in 50 years
Iran has experienced its hottest temperatures in 50 years, with the city of Ahvaz recording over 50 degrees Celsius (122 Fahrenheit) for more than seven days.
China emerges as global green energy champion with two-thirds of the world's new wind and solar power plants
Almost two-thirds of the world's large wind and solar power plants are in China while a surge in renewable capacity has driven coal's share of power generation to new lows, Reuters reports.
REM: China emerges as global green energy champion with two-thirds of the world's new wind and solar power plants
Mali's junta signs nuclear and solar energy deals with Russia's Rosatom
Mali's ruling military junta has signed three cooperation deals with Russia's state nuclear company, Rosatom.
Moab Minerals acquires uranium projects in Tanzania
Moab Minerals Limited has completed its acquisition of Linx Resources, which holds a diverse portfolio of advanced, large-scale uranium projects in Tanzania.
US President Biden signs advanced nuclear development bill
US President Biden has signed into law the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy (ADVANCE) Act, aimed at reducing licensing times and cutting processing fees to support the development of an advanced nuclear reactor.
Growing municipal debt could lead to Eskom’s collapse, says South Africa’s energy minister
EBRD approves €30mn loan to Serbia for renewable heat generation
The EBRD has approved a loan of up to €30mn to Serbia to finance investments in renewable heat generation, the organisation announced during EBRD President Odile Renaud-Basso's visit to Belgrade on July 9.
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