AfrElec - Africa Power Monitor
World Bank warns of slow recovery and climate problems in Africa
The World Bank has raised its 2021 growth forecast for sub-Saharan Africa to 3.3%, one percentage point higher than its April forecast
Newly discovered trees in Sahel could contribute to fight against climate change
The fight against climate change and deforestation in Africa received a boost this week as scientists said they had discovered 7bn previously unrecorded trees in Africa.
South Africa's Mantashe dubs Eskom green deal dangerous
South African Mineral Resources and Energy Minister Gwede Mantashe has branded Eskom’s decarbonisation and emissions reduction plans as dangerous.
Energise Africa wins Climate Action Award
African-focused crowdfunding investor Energise Africa has won a United Nations Global Climate Action Award for its work connecting small ethical investors in the UK with clean energy access project across Africa.
Egypt benefits from EBRD green investment
A key way to save the world from climate catastrophe is to persuade the private sector to spend the necessary trillions in the green investment required.
IEA urges more focus on cutting methane to meet climate targets
Climate action cannot focus solely on reducing carbon dioxide emissions, as cutting methane output by industry, which has the potential to have the greatest impact on limiting near-term climate change, is essential for meeting global climate targets.
21 countries left with coal plans
Up to 21 countries around the world have yet to commit explicitly to no new coal, despite 44 countries already having committed to never building a coal power plant again.
South African energy minister again scoffs at a decarbonised economy
South African Energy Minister Gwede Mantashe on Thursday, 7 October again scoffed at plans to decarbonise South Africa’s economy, and called for a slower transition to a green economy.
South Africa's Eskom now biggest sulphur dioxide polluter in the world
A new report found that South Africa’s power utility Eskom is now the world’s biggest emitter of sulphur dioxide, pumping more of the chemical into the atmosphere than the entire power sector of the US and China combined.
AsiaElec: Renewables could halve India’s generating costs
India stands to gain the most from a rapid roll-out of renewables if current green technology is harnessed to reach net zero, a recent report from Wärtsilä has forecast.
NEoT Offgrid Africa, Winch Energy invest $12mn in mini-grid projects in Uganda, Sierra Leone
NEoT Offgrid Africa (NOA) and Winch aim to build the largest portfolio of mini-grids in sub-Saharan Africa, and reach a portfolio worth $100mn.
AfrElec: Norfund invests €10mn in pan-African rural electrification leader Baobab+
Pan-African solar kits distributor Baobab+ has received €10mn from the Norwegian government’s investment fund for developing countries.
South Africa's energy minster draws criticism for touting coal while his colleagues plead for green funding
While South African Cabinet Ministers said in talks with international climate envoys this week that they were ready to shed their coal addiction, the country’s energy minister sang a different song at a provincial mining investment conference.
US climate envoy admits that coal-addicted South Africa needs financial help to go green
US deputy climate envoy Jonathan Pershing has admitted that South Africa would need a mix of grants and concessional loans to assist with its transition to a green economy, even if it is not one of Africa’s poorest countries.
SEB puts $4 trillion annual price tag on net zero
SEB’s latest Green Bonds Report has placed a price of $4 trillion per year on the energy transition if the world is to reach net zero by 2050.
China’s promise of no overseas coal financing could free up $130bn for green investment
China’s promise to abandon financing coal projects overseas could affect a total of 44 coal plants across Asia and Africa with a combined 42,220 MW of capacity.
New wind trade body aims to harness Africa’s wind potential
Wind developers in Africa have created Africa WindPower (AWP) as a forum to improve relations between governments and investors and to expand the wind sector, which currently has just 7 GW of capacity and is woefully underdeveloped.
South Africa meets global climate envoys, asks for financial aid to go green
South African cabinet ministers met climate envoys on Tuesday, 28 September for talks on climate finance options that would help it shed its coal addiction and move to a green economy. South Africa was adamant that it needed financial aid.
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