The United Nations Development Programme (UNDP) and Rare have partnered to globally tackle plastic waste management and behaviour change, according to a statement by the UNDP. The statement added that the Global Environment Facility Small Grants Programme (GEF SGP) implemented by the UNDP and the Rare’s Center for Behavior and the Environment (BE.Center) are collaborating […]Read More
The Board of Directors of the African Development Bank Group has approved a Partial Credit Guarantee of $345 million equivalent in Renminbi to Egypt to increase access to the Panda bond market to finance green and social projects. According to the statement, the Bank Group’s partial credit guarantee will allow Egypt to raise the equivalent […]Read More
The African Development Bank is set to roll out the first green finance facilities in two public financial institutions in Benin and Côte d’Ivoire as part of its ground-breaking African Green Bank initiative. The Bank said in a release that the host institutions are La Caisse des Dépôts et Consignations du Bénin (CDC Benin) and […]Read More
The International Renewable Energy Agency (IRENA) today launched a new initiative aimed at supporting young entrepreneurs and innovators in driving the renewable energy transition. The new IRENA NewGen Renewable Energy Accelerator (NewGen), will provide capacity building, mentorship and other resources to youth-led projects and start-ups that are developing innovative solutions to advance the adoption of […]Read More
Babajide Sanwo-Olu, the governor of Lagos state, has announced that the first set of electric buses added to the state’s Mass Transit Master Plan will reduce carbon emissions and the high cost of fuel, which will lead to cost-efficient transportation. Sanwo-Olu made this known on his Twitter handle Sunday, appreciating the partnership with Oando Clean […]Read More
The European Commission and the European Investment Bank have announced €18 billion of financing under Global Gateway, Europe’s investment strategy for partner countries. According to the partners, this will boost investment in Global Gateway’s priority areas – climate action, clean energy and connectivity – in Europe’s partner countries around the world. In particular, these projects […]Read More
The Carbon Management Challenge announced today by the White House is a big step forward in the battle against global warming, according to Joseph McMonigle, the IEF Secretary General. US President Joe Biden joined other leaders in the Major Economies Forum on Thursday to announce the Carbon Management Challenge to accelerate carbon capture, removal, use, […]Read More
The G7 leaders have expressed concern over global renewable power deployment rates, citing the latest findings from IRENA’s World Energy Transitions Outlook Preview 2023. The report warns that there is a need for a fundamental course correction in the energy transition to keep the 1.5°C target within reach. Targets in the G7 Climate, Energy, and Environment […]Read More
Through a number of gas utilisation projects, Seplat Energy Plc. has outlined intentions to end flares by 2024. Seplat Energy’s chief executive officer, Roger Brown, said that the company’s top priority is to reduce the amount of greenhouse gases (GHGs) produced by direct operations. He added that Seplat Energy has established a wide range of […]Read More
Developers of gas and LNG in Asia, especially Southeast Asia, are being challenged by cheaper wind and solar production costs. Backers of gas and LNG in Asia, especially Southeast Asia, have a choice to make, whether to stay the course with more gas development or pivot to cheaper and quicker build-out of solar and wind […]Read More
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