Tag: Africa

A mini-grid in Mali

Solar and diesel mini-grid in Mali / IRENA / CC BY-NC-ND 2.0

Risk-Pooling Initiative Strives to Unlock Commercial Investment in African Mini-Grids

Green Aggregation Tech Enterprise, a risk-pooling initiative aimed at removing barriers to private investment in mini-grids, looks to prepare off-grid energy financing for a self-sustaining future in Africa that involves all types of funding, including commercial lending.
View from an arch in Mexico

What Will It Take to Catalyze the Energy Transition?

Vastly higher clean energy targets are essential to empower the international community to make the leap to a sustainable future, according to Richard Heinberg, coauthor of “Our Renewable Future: Laying the Path for One Hundred Percent Clean Energy.” In this interview, he delves into the practical challenges involved in the global transition to renewable power sources.
Sharan Burrow at the Investor Summit on Climate Risk

Unions Partner with Entrepreneurs for a Just Energy Transition

“There are no jobs on a dead planet,” said Sharan Burrow, general secretary of the International Trade Union Confederation. Burrow is vice-chair of The B Team, a coalition of business and civil society leaders that was founded by Richard Branson and Jochen Zeitz. In an attempt to address the dual dangers of economic injustice and environmental disaster that Burrow’s remark references, The B Team launched the Pledge for a Just Transition to Decent Jobs in August 2018.
Garden of the Master of Nets in Suzhou, China

China Could Create Sustainable International Infrastructure

In 2013, Chinese president Xi Jinping announced the beginning of an initiative that he would later dub the “project of the century.” The Belt and Road Initiative is a massive infrastructure-integration project undertaken by the Chinese government to improve the connectivity between Asia, Europe and Africa. It effectively covers more than half of the world’s population and a third of the world’s GDP.

How Clean Energy Companies Can Help Migrants and Refugees

When refugees and migrants escape adverse circumstances in search of better lives, the organizations that assist them tend to not prioritize sustainable energy development as a tactic. But if these relief providers follow the recommendations of two reports published by the EU Energy Initiative Partnership Dialogue Facility and Moving Energy Initiative, they will start doing so.

Private Capital for Resilience Financing Has Arrived

Momentum is building in the private sector for climate resilience financing. This necessary acceleration could help to avert the worst consequences of climate change. Financiers and others weighed in about their priorities and goals at COP23 in Germany on Nov. 13 in the Bonn Zone. They shared their thoughts and successes from developing pathways for resilience financing.
Purple flower

Climate Finance Is Failing to Reach a Local Level, Study Finds

As world leaders met in Bonn, Germany in November for COP23, the challenge of climate finance projects in developing countries took center stage. A second challenge receives less attention: fewer than 10 percent of development finance from international climate funds reaches the local level. This finding is presented in a paper called “Delivering Real Change: Getting International Climate Finance to the Local Level.” It was published by the International Institute for Environment and Development (IIED), a London-based policy-research group.
Coral at the Monterey Aquarium

Global Frameworks for Financing Sustainable Infrastructure

As decision makers gathered at COP23 this November in Bonn, Germany, they considered strategies that could empower them to reach the United Nations Sustainable Development Goals (SDGs). Financing sustainable infrastructure is one of the keys to putting these goals in motion. According to Laura Canas da Costa, senior advisor in sustainable infrastructure financing at WWF Switzerland, developing nations will be building extensive amounts of infrastructure as they pursue the SDGs. Traditionally, up to 70 percent of infrastructure financing comes from the public sector.

Developing Nations Build Distributed Energy Solutions

Adoption of solar power and microgrid technologies has been on the rise in frontier and growth markets. This trend results from declining equipment costs and increasing support from development funds, government programs, and impact investors. But there is much room to fill. There are as many as 1.1 billion people around the globe who still don’t have access to a reliable supply of electricity. Microgrids can help address the issue without expensive transmission and distribution infrastructure.