The knock on geothermal energy has always involved its complexity and costs. This article suggests scientists and corporations across the world are getting a handle on both, with meaningful growth in the United States, Turkey and the Philippines.
One of the reasons why sub-Saharan Africa has so many without power is because the utilities there lack the ability to get loans or investment, meaning they cannot finance an expansion of infrastructure — either the transmission and distribution or the electric generators. But the AfricaGreenCo. is now an intermediary, becoming the creditworthy entity that is used to draw-in financing. Can it be effective?
A network of 54 central banks and industry supervisors formed in 2017 is looking for ways to develop a new framework for climate risk management in the financial sector. Many of the group’s members are also on the Basel Committee on Banking Supervision, which sets global capital requirements.
"The role of our financial regulators is to ensure sustainable, efficient markets that protect us from financial and economic disruptions. As we’ve seen over the years, however, they’re not always up to the task."