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?
The fund has 70% less carbon emissions than its benchmark, the S&P/ASX 300 Total Return Index, because it’s typically underweight cyclical stocks in industries such as fossil fuels, steel and cement, transport and mining.
About 2 gigawatts of wind power generation auctioned by the federal government since February 2017 is running behind schedule, according to BloombergNEF. That number has more than quadrupled since February, threatening to derail the nation’s renewable-energy ambitions.
"As part of Europe’s promise to become the first 'climate-neutral' continent by 2050, the region is emerging as a leader in creating standards for green investments. But the push to get its banks to back sustainable assets needs careful scrutiny."