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The Growing Urgency of Funding Off-Grid Solar: Exploring the Multi-Billion Dollar Investment Opportunity in Achieving Climate and Energy Access Goals
The off-grid solar industry currently serves 420 million people, while enabling remote and vulnerable populations to adapt to climate change. But as Koen Peters at GOGLA points out, financial flows into the sector have stalled over the last five years, and it is not receiving anywhere near the funding it needs to fulfill its potential. He explores the momentum and impact of off-grid solar, discussing why much faster progress – and much greater funding – is needed for the sector to address the increasingly urgent challenges of climate change.
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Carbon Neutral Oat Milk Maker Nude Bags $5 Million Series A to Expand Across Latin America
Latin America’s (LATAM) first carbon-neutral food company, Nude, has closed a Series A funding round. $5 million was raised by multiple investors, led by Vox Capital and Lever VC.
- Categories
- Agriculture, Environment
- Region
- Latin America
- Tags
- climate change
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The Path Toward Commercialization: How Research Can Generate Business Opportunities in Low- and Middle-Income Countries
Research universities and labs are important engines of innovation that play a vital role in global business development – and commercializing these innovations can deliver real-world impact. But according to Dana Gorodetsky and Sachin Nijhawan at the William Davidson Institute, there's a lack of expertise and resources related to the commercialization of research in low- and middle-income countries (LMICs). They explore the benefits of commercialization for researchers, institutions and entrepreneurs, and offer four key lessons for commercializing research in LMICs.
- Categories
- Agriculture, Energy, Technology
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Global Environment Facility Provides $71 Million for Reforestation Program in Zimbabwe
The Global Environment Facility is providing just over $71 million to Zimbabwe. The funding from the 7th replenishment of the GEF (GEF-7) is for land restoration and reforestation programs in Zimbabwe.
- Categories
- Environment
- Region
- Sub-Saharan Africa
- Tags
- climate change, tourism
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Denmark Provides $30 Million Grant To African Water Facility for Drought-Prone Countries
The program entails the rehabilitation, expansion and climate-proofing of water supply systems, sanitation and handwashing facilities.
- Categories
- WASH
- Region
- Global
- Tags
- climate change
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African Climate Startups Invited to Apply for Adaptation SME Accelerator Project
Run by Village Capital and The Lightsmith Group, ASAP will accelerate 16 SMEs and startups that are scaling climate adaptation and resilience solutions in Africa and Asia.
- Categories
- Energy, Environment
- Region
- Global
- Tags
- accelerators, climate change, scale, startups
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Analysis: Think Small To Fight Climate Change
Small and medium-size enterprises (SMEs) working on climate adaptation and mitigation are a crucial but underestimated partner in the fight to reduce emissions.
- Categories
- Environment
- Region
- Global
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Universal Energy Access is Within Reach — If the Sector Survives COVID-19: Here’s How Funders Can Help
Before COVID-19 struck, the energy access sector was booming, delivering renewable power to 470 million people, creating 370,000 jobs and avoiding 74 million metric tons of greenhouse gas emissions over the past decade. But as Sarah Bieber at Acumen and Henry Gonzalez at Green Climate Fund point out, the pandemic has put that progress at risk, as dwindling investment, decreased customer income and dramatic price increases have created a crisis for energy access companies. They explore how funders can help get the sector back on track.
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