Embracing Renewable Liquid Fuels: A Path towards Sustainable Energy Transition

The crux of the energy transition dialogue has seen a significant shift with the advent of renewable liquid fuels. In a climate of uncertainty and escalating challenges, Eurofuel’s Secretary General, Sandrine Devos, underscores their pivotal role in the energy matrix. 1. Navigating Complex Energy Challenges with Diversity Europe faces a stiff energy conundrum – the…

Revolutionizing Africa’s Energy Sector: The Power of Carbon Capture, Utilization, and Storage (CCUS)

CCUS represents a dynamic approach wherein carbon dioxide (CO2) is captured directly from significant emission sources such as power plants or major industrial units that rely on fossil fuels or biomass. Post-capture, if the CO2 isn’t utilized immediately on the premises, it undergoes compression. Subsequently, depending on requirements, it’s conveyed via pipelines, vessels, rail systems,…

INTERNATIONAL SANCTIONS AND THE FATF GREY LIST: A SOUTH AFRICAN PERSPECTIVE

Being grey listed for a prolonged period of time has an impact on a country’s ability to access international financial markets and leads to increased scrutiny from financial institutions and regulators.[2] Notwithstanding the robust anti-money laundering and counter financing of terrorism laws in South Africa, it is in the implementation as well as the policing, prosecuting and asset forfeiture where grey listing may be inevitable. The global financial crime watchdog, formally known as The Financial Action Task Force (FATF)[3], has, identified strategic deficiencies in the ability of South Africa’s systems to counter money laundering and the financing of terrorism.[4] This decision was announced on 24February 2023, as a consequence of South Africa’s poor compliance with International Standards around the prevention of money laundering, terrorist financing and proliferation financing.[5]

Understanding the Stagnation of the Global Energy Transition

On June 28, 2023, a World Economic Forum report released a striking revelation about the global energy transition. After a decade of remarkable progress, the transition has reached a standstill due to the international energy crisis and widespread geopolitical instabilities. The report, titled ‘Fostering Effective Energy Transition 2023,’ raised critical concerns about the fairness of…

Harnessing the Potential of Climate FDI for a Greener Tomorrow

The global push towards a low-carbon economy has spotlighted the urgent need for climate finance. As revealed during the COP27 summit, $4-6 trillion per year is essential for this transformation. Developing nations alone require nearly $5.9 trillion to meet their climate commitments by 2030. In this scenario, climate FDI (Foreign Direct Investment aligned with climate…

Navigating Decarbonization in Aviation: Path to Net-Zero Emissions

The International Civil Aviation Organization (ICAO) embarked on a transformative journey of “Decarbonization in Aviation,” aiming to achieve net-zero emissions in the global aviation sector by 2050. This ambition underscores the broader commitments of the aviation industry and different nations, while also acknowledging the considerable hurdles faced by the sector, one of the most difficult…

UNCTAD Report 2023: Bridging the Renewable Energy Investment Gap in Developing Countries

In the face of a climate crisis, renewable energy investment has become an urgent global need. However, as per the World Investment Report 2023, developing countries are struggling to meet their renewable energy investment needs, which are projected to be around $1.7 trillion per year, yet they only secured $544 billion in 2022. The Urgent…