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Analysis: Ukraine Crisis Could Boost Ballooning Fossil Fuel Subsidies
Sky-high oil prices resulting from a potential Russian oil import ban could force governments to pour more cash into fossil fuel subsidies to shield consumers from rising energy bills, rather than use the money to fight climate change.
- Categories
- Energy, Environment
- Region
- Europe & Eurasia
- Tags
- climate change
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Ethiopia Switches on Controversial Dam
Ethiopia has generated its first electricity from the Grand Renaissance Dam in defiance of Egypt and Sudan who fear it will decrease their access to Nile water.
- Region
- Sub-Saharan Africa
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M-KOPA Raises $75 Million as It Clocks 2 Million Customers Across Four African Markets
A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked.
- Region
- Sub-Saharan Africa
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Shell Follows BP Out of Russia as Oil Companies Abandon Putin
The West is promising “massive” sanctions on Moscow in response to Russia’s invasion of Ukraine.
- Categories
- Energy
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US Funding USD $500 Million for Solar Panel Manufacturing in India
The Quad leaders have renewed their commitment to promote a free, open, rules-based order in the Indo-Pacific region, the White House said on Thursday, while emphasising that the US is funding USD 500 million to help American companies manufacture solar panels in India.
- Region
- Asia Pacific
- Tags
- renewable energy
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Analysis: Why Didn’t the U.S. Cut off Russia From SWIFT? It’s Complicated.
Removing access to the financial messaging service would be the most severe penalty but could have unwanted consequences, including compromising energy exports to Europe.
- Categories
- Energy, Finance, Telecommunications
- Region
- Europe & Eurasia
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UK Pledges £10 Million for Energy Projects In Nigeria
The UK is providing up to £10 million of concessional aid to reduce the risk for pension and insurance funds to invest in energy access projects, and support Nigeria’s COP26 commitments.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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African Development Bank Group Commits $164 Million to Promote Renewable Energy In Nigeria, 5 Other Countries
Nigeria is among five other African countries that will benefit from the African Development Bank Group (AfDB) Leveraging Energy Access Finance Framework (LEAF).
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy, scale