Energy Transition

Electric Vehicles: Is the Timing Right for Africa?

The growth of electric vehicles (EVs) has been particularly strong over the last three years, despite the fact that the global pandemic has reduced the market for conventional automobiles and that manufacturers have begun to experience supply chain bottlenecks. In 2019, 2.2 million electric

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The electricity market in South Africa – Opportunities for German SMEs from the Renewable Energy sector

As the second-largest economy on the African continent and Germany’s number one trading partner in Africa, the South African renewable energy sector is increasingly brought to focus for German SMEs. Not only is the country blessed with abundance of renewable energy resources, but it is also regarded as an attractive location to do business as Africa’s most industrialised country with a highly developed financial and legal sector as well as modern infrastructure. South Africa has everything to become a trendsetter with a stable energy supply when it comes to alternative energy.

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China Aims for Carbon Neutrality

Hundreds of millions of people have been lifted out of poverty by China’s remarkable economic growth over the past four decades, transforming the country into a leader in many industries while also becoming the world’s largest emitter of carbon dioxide (CO2) and accounting for one-third of global carbon dioxide (CO2) emissions.

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Renewable Energy Growth in Canada

On a worldwide scale, Canada is a significant energy producer. The country produces about 60% minerals and metals, including a diverse spectrum of essential minerals. It is a top ten producer of oil and natural gas, hydropower, uranium, nuclear energy, biofuels, and wind energy.

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Vicky Ford, the UK’s minister for Africa, announced a €10 million concessional aid package for Nigeria’s oil and gas sector. In the words of Ms. Ford, the fund will assist pension and insurance funds in reducing the risk associated with their investments in energy access projects while also supporting Nigeria’s COP26 commitments.

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Carbon Energy Transition Investment Hits $755 Billion Worldwide in 2021

According to the International Energy Agency, more than 130 countries have set or are considering a goal of achieving net-zero emissions by 2050. Research by the United Nations Framework Convention on Climate Change (UNFCCC) revealed that in order to achieve net-zero emissions on a global scale, the sum of $125 trillion in climate investment is needed by 2050.

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