In today’s world, companies are making concerted efforts to decrease their carbon footprints and implement sustainable practices. As technology plays a significant role in these initiatives, it’s paramount for tech teams to enhance energy efficiency without escalating energy consumption. The focus keyword for this article is “sustainable tech operations.” Harnessing Cloud Computing for Sustainability In…
As the world grapples with mounting climate challenges, Africa is pioneering its pathway towards a cleaner, sustainable future with the Africa Energy Transition Catalyst Programme. The Sustainable Energy Fund for Africa (SEFA) funds this initiative with a substantial $7.88 million grant, positioning it to significantly bolster renewable energy generation across the continent and herald a…
As the world grapples with unprecedented climate challenges and complex geopolitical landscapes, the European Union (EU) is setting a course that aims to balance ambitious environmental targets with safeguarding its trade and economic interests. This article sheds light on the EU’s evolving trade strategies, state aid reforms, and the overarching roadmap towards a net-zero future…
As per a recent report by the International Energy Agency, 43% of Africa’s population, primarily in sub-Saharan regions, lacks access to electricity. Enhancing access to a clean, decentralized, and decarbonized energy supply is crucial for the continent’s progress. In this light, a critical examination of efforts to boost Renewable Energy Access in Africa is necessary.…
Introduction to Solar Energy: How it Works, Benefits, and Challenges Solar energy, an age-old source of power, has seen a modern resurgence with technological advancements. It harnesses sunlight and converts it into electricity either through photovoltaic cells or via solar thermal processes. While this energy source offers benefits such as reduced greenhouse gas emissions, consistent…
In a televised speech earlier this summer, South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe, pushed back strongly against environmental groups’ efforts to block oil and gas production in his country.
Entering 2023, South Africa’s struggle with load shedding lingers, now in its 16th year. To resolve South Africa’s energy crisis, an investment of roughly R1.2 trillion by 2035 is required to secure a stable energy future. With the urgency of this situation, it’s prime time to reassess past capital-raising ventures and explore new strategies to…
The crux of the energy transition dialogue has seen a significant shift with the advent of renewable liquid fuels. In a climate of uncertainty and escalating challenges, Eurofuel’s Secretary General, Sandrine Devos, underscores their pivotal role in the energy matrix. 1. Navigating Complex Energy Challenges with Diversity Europe faces a stiff energy conundrum – the…
CCUS represents a dynamic approach wherein carbon dioxide (CO2) is captured directly from significant emission sources such as power plants or major industrial units that rely on fossil fuels or biomass. Post-capture, if the CO2 isn’t utilized immediately on the premises, it undergoes compression. Subsequently, depending on requirements, it’s conveyed via pipelines, vessels, rail systems,…
Being grey listed for a prolonged period of time has an impact on a country’s ability to access international financial markets and leads to increased scrutiny from financial institutions and regulators.[2] Notwithstanding the robust anti-money laundering and counter financing of terrorism laws in South Africa, it is in the implementation as well as the policing, prosecuting and asset forfeiture where grey listing may be inevitable. The global financial crime watchdog, formally known as The Financial Action Task Force (FATF)[3], has, identified strategic deficiencies in the ability of South Africa’s systems to counter money laundering and the financing of terrorism.[4] This decision was announced on 24February 2023, as a consequence of South Africa’s poor compliance with International Standards around the prevention of money laundering, terrorist financing and proliferation financing.[5]
On June 28, 2023, a World Economic Forum report released a striking revelation about the global energy transition. After a decade of remarkable progress, the transition has reached a standstill due to the international energy crisis and widespread geopolitical instabilities. The report, titled ‘Fostering Effective Energy Transition 2023,’ raised critical concerns about the fairness of…
The global push towards a low-carbon economy has spotlighted the urgent need for climate finance. As revealed during the COP27 summit, $4-6 trillion per year is essential for this transformation. Developing nations alone require nearly $5.9 trillion to meet their climate commitments by 2030. In this scenario, climate FDI (Foreign Direct Investment aligned with climate…