The World Bank Group is considering financing US$500-million (R9-billion) of South Africa’s participation in a new credit guarantee facility meant to unlock private financing for a massive transmission grid expansion plan, a senior bank official said. South Africa is courting private investment for an ambitious plan to add 14 500km of new lines and enhanced transformer…
– Ethiopia has called for enhanced regional power connectivity as a crucial solution to Africa’s growing energy challenges, according to the Ministry of Foreign Affairs (MoFA). The 4th AfriRUN ILO Conference, held yesterday, promoted regional power connectivity for inclusive and sustainable development, while fostering cooperation and equitable energy access across African nations. Speaking at the…
The world’s most developed economies have also burnt the most oil and coal (fossil fuels) over the years, causing the most climate change damage. Preventing further climate change means a global fossil fuel phase-out must happen by 2050. Climate change mitigation scientists Sven Teske and Saori Miyake analysed the potential for renewable energy in each…
As global economies push for decarbonization and energy security, industrial models must evolve. This requires greater investment in low-carbon technologies and energy efficiency. In this context, how do you view the rapid growth of solar PV and energy storage solutions (ESS) as a response to this demand? The solar PV and energy storage sectors are…
A World Bank-linked climate fund has backed South African plans to cut the country’s reliance on coal, unlocking up to US$2.6-billion (R46.8-billion) in financing and giving the nation’s energy transition an unexpected boost. The approval of the updated plan by the Climate Investment Funds, which was stalled after South Africa last year asked to delay…
