EXPLORE CENTURION

Energy Transition

Understanding the impact of a ‘Net-Zero by 2050’ on African Economies and Livelihoods: Defining a ‘Just Transition’

In May 2021, the International Energy Agency (IEA) published a report called ‘Net-Zero by 2050: A Roadmap for the Global Energy Sector’ with an emphasis on the necessity to make a radical shift away from fossil fuels to achieve neutral greenhouse gas emissions by 2050. While the latter may be a desirable goal, the impact of such a rapid and one-sided transition must be weighted against its impact on African economies and livelihoods. 

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The World’s Largest Wind Farm, Hornsea 2, to Start Producing Power

The Hornsea 2 offshore wind farm in the United Kingdom’s North Sea, owned by the Danish energy company Ørsted, has generated its first electricity. Ørsted stated that the project’s offshore substation (OSS) and reactive compensation station (RCS) will be completed in late 2021, pending final approval from the Department of Energy.

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South Africa Secures $8.5billion to Quit Coal – a Partnership Towards a Just Energy Transition

At the COP26 Summit, South Africa announced that it secured  $8.5 billion in grants and low-interest loans over the next five years. The program, which is funded by the United States, the United Kingdom, France, Germany, and the European Union, aims to achieve the lower bound of South Africa’s Paris Agreement emission targets, which aim to limit global temperature increase to 1.5 degrees celsius above pre-industrial levels.

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