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Germany to Phase out Coal by 2030

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.

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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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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.

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The OECD’s Global Tax Deal and its Implications for Nigeria

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.[1] This new arrangement would entail a final detailed implantation plan released in October 2021 with an effective date set for 2022.

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