This report reveals the scale of financial support provided by commercial banks, development finance institutions, and export credit agencies that flowed to the fossil fuel industry in West, Central, East, and Southern Africa between 2016 and June 2017. The vast majority of this finance came from financial institutions based outside Africa, both commercial banks and public finance institutions like development banks and export credit agencies.
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At COP26 in Glasgow, the German government signed the Statement on International Public Support for the Clean Energy Transition, calling on signatories to end the financing of unabated fossil fuels abroad through public funds by the end of 2022. At the same time, green investments should be significantly scaled up in order to drive forward the energy transition, especially in emerging and developing countries.
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This webinar on “Benchmarking Scenario Comparisons: Key indicators for the clean energy transition” discussed the main findings from the recently-published collaborative report (of the same name) between IRENA and the European Commission’s Joint Research Centre (JRC), which highlights the motivation, focus and methods of 14 scenario comparison studies, synthesizing experts’ views on how to improve such studies to gain insights for the clean energy transition.
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Africa is looking at China’s presence in energy on the continent with hope for a just transition. On 22 September, speaking at the UN General Assembly, China’s president, Xi Jinping, announced China would provide strong support for green transitions in developing nations and stop building coal power overseas. What is a just transition, and why is it important for climate governance in Africa and future China–Africa cooperation on renewables?
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This paper “The Governance of Wholesale Power Markets” prepared by Bentham Paulos of Clean Energy States Alliance is the second in a series designed to help state officials and other stakeholders understand wholesale electricity markets. It looks especially at the role of regional transmission organizations (RTOs) and the Federal Energy Regulatory Commission (FERC) in operating regional wholesale power markets.
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