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An Under-Recognized Obstacle to Solar Access in Africa: The Impact of Foreign Exchange Risk — And How to Mitigate It
Solar energy businesses are rapidly gaining traction in Africa, driving economic growth, improving living standards and supporting the transition to a low-carbon future. But Yariv Cohen at Ignite Power highlights an under-recognized barrier facing the sector: foreign exchange risks. He explores the impacts that volatile exchange rates can have on two common types of solar projects in Africa, and shares some of the strategies that have emerged to mitigate these risks.
- Categories
- Energy, Environment, Investing, Technology
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African Countries Eye World’s First Joint ‘Debt-For-Nature’ Swap
Kenya, Tanzania and Mozambique have all lost significant portions of mangrove shoreline, coral reefs and fish stock since the 1980s, threatening loss of livelihoods, food security and income from tourism.
- Categories
- Environment
- Region
- Sub-Saharan Africa
- Tags
- impact bonds, lending, tourism
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“It’s the Wild West”: Zombie Mines Multiply in South Africa’s Opaque Coal Sector
African Arguments visited ten “active” coal mines around Ermelo in South Africa. Three were abandoned, and had been for years according to locals.
- Categories
- Environment
- Region
- Sub-Saharan Africa
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TPG Raises $1.25 Billion for Global South-focused Climate Solutions Investment Strategy
The strategy is aimed at accelerating and attracting institutional capital at scale.
- Categories
- Environment, Technology
- Region
- Global
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Press Release: DFC Announces More Than $1.8 Billion in Investments and New Initiatives at U.N. General Assembly
Several new DFC transactions and initiatives were announced by DCEO Biswal during the U.N. General Assembly.
- Categories
- Energy, Environment, Investing, Technology
- Region
- Global
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Brookfield Raises $2.4 Billion for Emerging Markets-Focused Climate Transition Fund
CTF aims to deploy capital into clean energy and transition assets in emerging markets in South and Central America, South and Southeast Asia, the Middle East, and Eastern Europe.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Funding the Fight Against the World’s Oldest Fuel Source: How New Financing Mechanisms in Clean Cooking Can Succeed Where Grants Have Failed
The use of biomass fuel for cooking has remained consistent over the centuries, despite the development sector's efforts to scale global access to clean cookstoves. As Paul Ronalds at Save the Children Global Ventures argues, a key reason for this failure is the estimated $5.5 billion annual funding gap facing clean cooking initiatives — a gap that traditional sources of finance, like private donations and government grants, have been unable to fill. He discusses several funding solutions, including carbon credits, that could help the clean cooking sector finally end the era of biomass fuel.
- Categories
- Energy, Environment, Investing, Technology
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CDRI Launches $2.5 Million to Support Cities for Climate Resilience
Cities in 30 low and middle-income countries including India will be eligible for funding under this urban infrastructure resilience programme (UIRP).
- Categories
- Environment
- Region
- Global
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