In the discussion around climate policies, there has always been the question of what happens to the thousands of people employed by fossil fuel reliant sectors. Fossil fuel exporting nations are likely to feel impact on jobs if stronger climate policy is implemented. A new study published by One Earth journal suggests that working towards keeping global temperature rises below 2 degrees Celsius could create a global jobs boom for the energy sector, according to new research.
The latest edition of BloombergNEF’s annual New Energy Outlook unpacks three distinct scenarios labelled Green, Red and Gray where each achieves net-zero while relying on a different mix of technologies.
A new European Investment Bank and International Solar Alliance study outlines key affordability and investment issues holding back off-grid solar investment. The analysis identifies solutions to transform clean energy and how these could potentially unlock energy access for 120 million households.
The African Development Bank, through its Desert to Power initiative and a $6 million grant, is expected to transform the Sahel by tapping into the region’s abundant solar potential.
A decade into South Africa’s renewable energy programme, evidence of a maturing sector continues to come to the fore, most recently with the launch of a programme that will help the sector to be a legitimate actor in the just energy transition.
Finance and Policy
Forward-looking policies can accelerate the transition, mitigate uncertainties, and ensure maximum benefits of the energy transition according to IRENA’s World Energy Transitions Outlook.
Finance and Policy
Mandy Rambharos, GM, Eskom Just Energy Transition office: "SA can offer the biggest point source of CO2 emissions reduction in the world."
Business and markets
One of the industries that can benefit from AfCFTA is the energy sector, both the traditional oil and gas operators as well as the growing number of renewable enterprises.
TotalEnergies (formerly Total) has announced a new investment of $60 billion that will benefit Nigeria. The company will invest in oil, natural gas, electricity, hydrogen, biomass, wind and solar.