A huge revolution is taking place in the global energy system right now, and in the decades to come, energy systems around the world will become increasingly decentralized, digitalized, and decarbonized.
Renewable Energy Storage Potential in Africa and How Germany Has Been Able to Use Energy Storage to Improve Its Economy
According to World Bank Group President Jim Yong Kim. “Battery storage can help countries leapfrog to the next generation of power generation technology, expand energy access, and set the stage for much cleaner, more stable energy systems.
On 8 December, the National Assembly received the 2021 Finance Bill (the Bill) for consideration and eventual passage. As a build-on of the 2020 version, the Bill seeks to amend multiple laws such as the; the Capital Gains Act; Stamp Duties Act, Personal Income Tax Act; Companies Income Tax Act; Tertiary Education Trust Fund (Establishment Act) etc.
The AfCFTA was created in March 2018, with the expectation of tying a USD 3 Trillion regional market with over USD 80 Billion in untapped intra-regional exports. Of course, an agreement of this magnitude would have underlying protocols and arrangements for operational reasons.
The EU Sustainable Energy Week (EUSEW): Promoting a Green and Just Transition in Africa’s ‘Hotspots’ such as Mpumalanga
The EU Sustainable Energy Week (EUSEW), which took place virtually from October 25th-29th 2021, was celebrated under this year’s banner ‘Towards 2030: Reshaping the European Energy System’ just before COP26 kicked off in Glasgow.
As a usual practice, in 2020, the WEC prepared the annual World Energy Trilemma Index intending to shed light on the relative energy performance of different countries, which were assessed in relation to energy security, energy equity, and environmental sustainability.
During the negotiations of the African Continental Free Trade Area (“AfCFTA”), the member states of the African Union agreed to create a single liberalized services market to boost
Germany intends to phase out coal use by 2030, eight years sooner than previously envisaged. The country intends to generate 80 percent of its electricity through renewable sources in the same year. According to the BBC, Olaf Scholz, the Social Democratic Party’s leader, unveiled the idea in November 2021 as part of a pact that would see the former vice-chancellor, who would succeed Angela Merkel as chancellor, lead a three-way coalition with the Greens and Free Democrats.
Following the launch of Centurion Law Group’s Africa Investment Guide Series, with the Nigeria Guide spearheading the launch, the Zimbabwe Guide is now available to the market.
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.
The legal action filed on behalf of investors alleges that Hawilti and its French Citizen Director, Mickael Vogel knowingly deceived investors in 2019 to collect funding for the business without having any intentions of giving out shares.
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.