Topic: Climate Resilience

Climate Resilience Articles

OPEC Nation Commits to Renewable Energy, But Investors Are Wary

Angola, one of Africa’s oil-producing OPEC countries, has recently announced an ambitious plan to add 800 MW of renewable energy capacity by 2025. In contrast to its carbon-intensive petroleum exports, the country’s energy mix is fairly clean, with over 70 percent of electricity production coming from hydropower. The government plans to maintain a clean energy mix – 66 percent from hydropower and an additional 8 percent from renewable energy – while doubling access to electricity within the next decade.

Global Innovation Lab for Climate Finance Incubates Programs

2016 is a hot year for climate finance. Global Innovation Lab for Climate Finance is seeking to speed up innovation to solve these global challenges. It is engineering new solutions and supporting the development of new finance instruments that unlock private investment for climate-resilient and low-carbon growth in developing countries.

Risky Business Environments May Hold Back Climate Goals

Many promises were made at the Paris climate conference. But a January report from McKinsey & Company, “Financing Change: How to Mobilize Private Sector Financing for Sustainable Infrastructure,” shows countries without business-enabling environments may see their clean energy goals stall or be delayed. This could potentially compromise many national efforts.