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How COVID-19 Is Reversing Energy Access in the Global South
Since the start of the pandemic, 100 million people have lost access to electricity. The off-grid renewable energy sector needs urgent support if progress towards the UN’s seventh Sustainable Development Goal, to ensure energy access for all, is to be maintained.
- Categories
- Coronavirus, Energy
- Region
- Global
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The Low-Hanging Fruit of Energy Access: Unlocking the Potential of Energy Efficiency Solutions for African Businesses
You’ve likely heard plenty of discussion of the approximately 600 million people who lack basic access to electricity in sub-Saharan Africa. But Adam Fitzwilliam at Camco Clean Energy points out that it's not just individuals who are energy poor: The region's business sector also needs access to reliable, renewable electricity. He explains why focusing on energy efficiency is one of the most cost-effective ways to address energy demand in the commercial and industrial sector, and explores why these efforts haven’t taken off yet in most sub-Saharan African markets.
- Categories
- Energy, Environment, Finance
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World Bank Approves $150 Million for Electricity Services in Senegal
The World Bank’s Board of Executive Directors approved $150 million from the International Development Association (IDA) to increase access to electricity services for households, enterprises, and critical public facilities in Senegal.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Analysis: Europe’s Phase-Out of Russian Energy Over the Ukraine Crisis Could Mean Opportunity for African Countries
Suppliers such as the underdeveloped frontier energy markets of Africa may find new energy sector investors in Europe who can no longer rely on Russian natural gas, which has long been their dominant source.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Spark+ Africa Fund Raises Over $40 Million in a First Close to Invest in Clean and Modern Cooking Solutions in Africa
Spark+ Africa Fund (“Spark+”) launched in partnership with 12 development finance institutions, foundations, family offices, and pension funds as the world’s first impact fund financing clean and modern cooking solutions in developing markets.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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SEforALL and UN-Energy Announce Microsoft Signing Two Energy Compacts
Microsoft is the latest company to submit an Energy Compact, affirming its commitment to drive decarbonization of the electric grid to combat climate change.
- Categories
- Energy, Environment
- Region
- Global
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AfricaGoGreen Fund Receives $31.5 Million to Promote Private Sector Efficiency Investments
Development finance institution (DFI) the African Development Bank (AfDB) and its Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20-million in the AfricaGoGreen Fund (AGGF) debt fund.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Viewpoint: Russia’s Invasion of Ukraine: What Does It Mean for Africa?
The invasion has done profound damage to Russia’s relations with the West, which will be difficult to reverse as long as Putin and like-minded people around him are in power. Africa should brace itself for the challenging years ahead.
- Categories
- Agriculture, Energy, Environment, Finance, Health Care, Investing, Technology
- Region
- Europe & Eurasia
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