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How Global Corporations Can Boost Local Renewable Energy Production: The Transformative Potential of D-RECs in Emerging Markets
If the world hopes to address climate change, large corporations must transition away from fossil fuels for their power needs. To that end, corporations can buy renewable energy certificates, allowing them to claim renewable energy use and meet their climate commitments, while providing needed funding to renewable projects. But as Beatrice Kennedy at Powertrust points out, emerging markets generally lack access to this solution. She explores how distributed renewable energy certificates (D-RECs) can address this gap, leveraging blockchain and open-source technology to create a global marketplace for renewable energy generated in emerging countries.
- Categories
- Energy, Technology
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African Development Bank Commits to $25 Billion Funding for Africa’s Climate Adaptation
Dr. Akinwumi Adesina, said the Bank is committed to mobilising $25 billion in funding to help African countries adapt to climate change.
- Region
- Sub-Saharan Africa
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Bboxx, Secures $15 Million Funding from InfraCo Africa for Sub-Saharan Africa Solar Expansion
Investment company, InfraCo Africa, is injecting new funding into United Kingdom-based Bboxx, the solar home system company, it has emerged.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Global Energy Alliance for People and Planet and Sustainable Energy for All Announce Expanded Partnership to Tackle Energy Poverty Worldwide
$50 million commitment will support the scale-up of the Universal Energy Facility and advancement of countries’ energy access and transition plans.
- Region
- Global
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Renewable Energy to Grow to New Record in 2022: International Energy Agency
The record growth would be led by China and Europe, the International Energy Agency said, but may taper in 2023.
- Categories
- Uncategorized
- Region
- Global
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Nigerian Entrepreneur Builds Electric Mini-Buses in Clean Energy Push
Nigerian entrepreneur Mustapha Gajibo has been converting petrol mini-buses into electric vehicles at his workshop.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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J.P. Morgan Leads $200 Million Investment in Arcadia’s Clean-Energy Platform
With this new funding round, startup Arcadia is now valued at $1.5 billion and poised to grow its software ecosystem for home and commercial clean-energy usage.
- Categories
- Energy
- Region
- Global
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Press Release: RIFE International Signs A $2 Billion Agreement With The Philippines For A Clean Energy Demand Initiative with Support From Apple, Amazon, Meta and Others
During CERAWeek in Houston, the Philippines signed the Clean Energy Demand Initiative (CEDI) letter of intent.
- Categories
- Energy
- Region
- South Asia
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