The private sector arm of the multilateral development bank has offered a $200 million credit line to Nedbank, the first commercial bank in South Africa to offer a green bond, which it did on the Johannesburg Stock Exchange in 2019.
An assessment of the human rights performance of the world’s leading solar and wind power companies has painted a grim state of affairs, with the only dedicated solar manufacturer analyzed scoring 7%.
Rio Tinto Chairman Simon Thompson is urging governments across the world to take “urgent” action on climate change despite the twin evils of Covid-19 and economic recession. The call comes amid criticism that Rio Tinto’s own emission reductions schemes are too weak.
The airline industry has been among the hardest hit by the Covid-19 pandemic; carriers are in ‘freefall’ as Glen Peters, research director at the Center for International Climate and Environment Research in Oslo recently wrote, with governments mulling stimulus packages for airline bailouts. How we react to the coronavirus outbreak is crucial for society as a whole and the solar and energy storage industries can lead the charge in rewriting the status quo.
A report by the Powering Peace organization states UN missions in the Democratic Republic of Congo could reduce expense and pollution by using off-grid solar to power operations instead of diesel generators. Adding a 200 kW solar system with 200 kW/450 kWh of energy storage would reduce diesel consumption 80% for 10-year savings of almost $2.6 million, states the group.
The Business & Human Rights Resource Centre has published a report looking at the human rights due diligence performance of the renewables industry and examined individual generation methods. The report finds that, while the solar sector is not top of the sad list, its vest also isn’t completely unstained.
A new report published by Chatham House for the Moving Energy Initiative examines energy spending of humanitarian aid organizations. The authors claim that with modern clean energy systems the sector could save US$517 million per year on fuel costs, as hitherto the majority of refugee camps and other facilities are run on diesel gensets.
Solar has the potential to foster peace and aid conflict resolution by being deployed in several of the world’s crisis areas. Electricity is one of the highest costs for humanitarian missions in fragile regions, such as South Sudan, the Congo, Somalia, Myanmar and Yemen, among others. In an interview with pv magazine, the CEO and founder of Energy Peace Partners describes how solar installed in camps and protected areas, could improve the outcomes of such missions.
The 10 members of the Association of Southeast Asian Nations (ASEAN) are on track to make solar and other renewables account for 23% of the region’s total primary energy supply (TPES) by 2025, but governments will need to create better policy and investment frameworks to make it happen, according to the International Renewable Energy Agency (IRENA).
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