Glasgow/Rome, 31st October 2021 – From 30th to 31st October, the G20 met at the occasion of the Rome Summit in Italy at the same time as the COP26 kicked off in Glasgow. UK Prime Minister Boris Johnson emphasized that “it’s a one minute to midnight moment and the clock is ticking”. As a Scottish…
Africa is on the verge of a revolution in the energy sector with substantial resources, progressive legislation, and industry-leading policies and initiatives propelling growth in the oil, gas, and renewable energy sectors.
In the previous two decades of the twenty-first century, the mean annual temperature in Africa increased by 1.7 degrees Celsius and temperatures are anticipated to grow faster than the global average in the next two decades. This will have detrimental effects on livelihoods, health and sanitation, water access, agricultural production and urban infrastructure. Africa contributes only…
Qair, an independent French renewable energy producer, and STOA, an investment fund of the Caisse des Dépôts (CDC) and the Agence Française de Développement (AFD), launched the joint platform MIHIA Holding (Make It Happen In Africa) in October 2021 to invest in African renewable energy projects beginning with a 24 MWp solar project in Burkina Faso.
Africa Claims ‘Historic Responsibility’ from Countries in the Global North At COP26: Protecting The Congo Basin, Giving Botswana ‘Solar Powers’
As The Africa Report pinpointed, numerous African ministers and leaders promised to attend COP26 in Glasgow. Among others, these included Botswana’s Minister for Mineral Resources, Green Technology and Energy Security Lefoko Moagi, the President of the Democratic Republic of the Congo Félix Tshisekedi, the President of the Congo Republic Denis Sassou-Nguesso, the President of Gabon Ali Bongo Ondimba, Gabon’s Minister of Environment and Forestry Lee White, and Rwanda’s Minister of Environment Jeanne d’Arc Mujawamariya.
ILO’s Role in the Energy Sector: IRENA Partners up with ILO to Promote a Just and Inclusive Transition
Abu Dhabi/Geneva, 18 October 2021 – As the International Renewable Energy Agency (IRENA) announced, it has signed an agreement with the International Labour Organization (ILO), which reemphasizes that the energy transition must coincide with the promotion of decent work for all.
The introduction of the AfCFTA marks a significant turning point for Africa’s regional and continental trading relations. This free trade agreement aims to unite the continent and create more ease in the movement of goods and services to service the continent and benefit the people.
Ahead of the African Energy Week, which will take place from 9-12th November 2021 in Cape Town, the African Energy Chamber (AEC) has announced that it will promote national oil companies (NOCs) as the key drivers of Africa’s energy growth at the Africa Independence Forum.
In July 2021, the Organization for Economic Co-Operation and Development (OECD) had announced that there would be changes to the international tax rules applicable to multinational companies across the world. This new arrangement would entail a final detailed implantation plan released in October 2021 with an effective date set for 2022.
Cracks in the Energy Industry & the Global Political Economy: Using the Global Energy Crunch as a Chance to Change the Status Quo
According to Time is Money, the Financial Times Stock Exchange (FTSE) Index 100, which lists 100 of the largest companies from the London Stock Exchange (LSE), experienced a decline of 1.2% on October 6, 2021, while the LSE was coping with a record low of -2.0%.
Seoul, 18 October 2021- Less than a month after electricity prices spiralled for the first time in 8 years, South Korea’s government disclosed two revised
Promoting Renewables in Conflict-Ridden Regions: Combating Conflict, Economic and Energy Crises in the Middle East
Just a month ago, Jordan reopened the border to Syria in an attempt to stimulate trade and provoke an economic recovery of both countries. Whereas Jordan’s economy is dealing with a high rate of unemployment (48%), spiraling debt, scarcity of investments and widening external balances, Syria’s economy has been battered by the decade-long war, internal displacement, humanitarian catastrophe and the devastating influence of the COVID-19 pandemic.