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Analysis: Staying True to the Paris Agreement Could Hobble Booming Carbon Offset Market
The booming voluntary market for CO2 emission offsets is facing a hairy double counting issue that could stop further growth in its tracks. Researchers and NGOs propose new ways of letting companies invest in energy and climate projects in the global south – without letting them use carbon credits towards their emission budgets.
- Categories
- Energy, Environment
- Region
- Global
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Viewpoint: How Africa Can Ride the Growing Wave of Climate Tech Investment
Investing in climate tech will be critical to countering these risks and to building adaptive and resilient economies.
- Categories
- Environment, Technology
- Region
- Sub-Saharan Africa
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A Business Opportunity With Exponential Benefits: Linking Agriculture and Energy to Improve Livelihoods in Africa
Agriculture contributes around 23% of sub-Saharan Africa’s GDP, and energy access can help drive agricultural development. However, Scarlett Santana at RMI points out that the region has few businesses enabling productive energy uses in agriculture, and the lack of electricity for mechanization is limiting growth in rural communities. She explores the opportunities that exist for agribusinesses that link their investment and other business decisions to energy considerations – and for energy businesses that link their efforts to agriculture.
- Categories
- Agriculture, Energy
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Tata Power Looking To Raise $500 Million for Renewables Unit in India
Tata Power is in talks with large pension and sovereign asset managers, including Canada Pension Plan Invest Board and Government of Singapore Investment Corp. to raise at least $500 million ahead of a planned initial public offering by its renewable energy unit.
- Categories
- Energy, Investing, Technology
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Green Climate Fund invests US $150 Million in African Development Bank’s Desert to Power initiative
Desert-to-Power is a flagship renewable energy and economic development initiative led by the African Development Bank whose objective is to light up and power the Sahel region.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Germany Pledges $116 Million for Renewable Energy in Africa
Germany has pledged to contribute US $116M to the African Development Bank‘s (AfDB) Sustainable Energy Fund for Africa (SEFA) to support private investments in renewable energy in Africa.
- Categories
- Environment
- Region
- Sub-Saharan Africa
- Tags
- renewable energy, solar
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US Developer Lands $1.75 Million Deal for Nigerian Mini-Grids
Former start-up Husk, which originally based its business on renewables powered by rice industry waste products, has agreed to develop seven solar-plus-storage mini-grids across rural communities in Nasarawa state.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Optimizing Results-Based Financing for Off-Grid Energy: Why Localization Can Provide a Pathway to More Effective Investment
Leading investors across the energy access sector have embraced results-based financing (RBF) as a key mechanism to unlock private capital for small-scale solar and mini-grid businesses, and to advance the world toward universal electrification. But according to Audrey Desiderato at SunFunder and Martijn Veen at SNV, the remote design and management of RBF programs increases the risk that these funds will exclude local actors and innovation. They share findings from a recent white paper exploring the need for more localization in results-based financing for off-grid energy.
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