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.
Des investisseurs lancent un procès en justice contre la société de recherche en investissement énergétique Hawilti
investisseurs en 2019 pour collecter des fonds destiné au au développement de l’entreprise sans avoir l’intention de distribuer des actions a les investisseurs comme prévu.
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.
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
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
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.
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%.