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Press Release: First-Ever Peace REC (P-REC) Transaction Drives Renewable Energy Development in Africa
The first-ever Peace Renewable Energy Credit (P-REC) transaction has been executed by Microsoft with Energy Peace Partners (EPP) and project developer Nuru. In the agreement, Microsoft is purchasing P-RECs issued by EPP from a new solar project in the Democratic Republic of the Congo (DRC), which will directly finance the installation of streetlights in a recently electrified neighborhood of Goma, the capital of North Kivu province. The streetlights are connected to the same solar-plus-storage system which generates the electricity associated with the P-RECs. The transaction was facilitated by renewable energy, transportation decarbonization, and climate solutions specialist 3Degrees.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Etherisc To Offer Blockchain-Based Crop Insurance To Kenyan Farmers
The project aims to provide a blockchain-based parametric insurance platform that helps protect smallhold farmers from the effects of climate change.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Positioning South Africa for a Green Recovery
Countries not adapting to a green transition will find themselves behind and excluded. They will be behind on the innovation curve, the cost curve and thus be laggards.
- Categories
- Environment, Investing
- Region
- Sub-Saharan Africa
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Good Nature Agro Closes Series A Funding of $2.1 Million
Good Nature Agro, a Zambian company working from end-to-end within the specialised legume value chains, has announced that it closed Series A equity funding totalling $2.1 million.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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In Defense of Palm Oil: Why We Should Be Supporting the Industry’s Move Toward Sustainability – Not Demonizing It
After reading Jim R. Richards’ NextBillion op-ed “The Ecological Disaster of Palm Oil: Why It’s Time to Embrace Climate-Friendly Alternatives,” Robert Hii at CSPO-Watch.com felt compelled to respond. He argues that Richards' critique of the palm oil industry's ecological damage fails to recognize its impact on local economic growth and poverty reduction, and ignores its substantial moves toward sustainability.
- Categories
- Agriculture, Environment, Technology
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Local Solar Enterprises Are Changing Women’s Lives in Kenya: Why Won’t Investors Support Them?
In Kenya, women are battling climate change by using solar products made by innovative local companies. Yet as Sanjoy Sanyal and Chen Chen at the World Resources Institute and Deborah Mburu at IDEAS TANK point out, these companies remain under-supported by the international investing community. They highlight a few of these women and businesses – and urge investors to get off the sidelines.
- Categories
- Energy, Investing, Social Enterprise
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Press Release: MetLife To Reduce Emissions by 30 Percent and Originate $20 Billion of New Green Investments by 2030
Over the next 10 years, MetLife, Inc. (NYSE: MET) has committed to reduce its location-based greenhouse gas (GHG) emissions by 30 percent from 2019 levels, originate U.S. $20 billion in new MetLife Investment Management (MIM)–managed green investments1, and allocate U.S. $5 million to develop products and partnerships that drive climate solutions.
- Categories
- Environment, Investing
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Analysis: 4 Ways Our COVID-19 Recovery Can Tackle Climate Change and Global Inequality
The COVID-19 crisis has shown how deep inequalities make society as a whole more vulnerable —providing important lessons for building resilience in an era of climate change.
- Categories
- Coronavirus, Environment, Investing