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Africa can produce 50 million tons of green hydrogen a year by 2035, according to a new study by the European Investment Bank (EIB), International Solar Alliance and the African Union, with the support of the Government of Mauritania, HyDeal and UCLG Africa. The report was formally handed over to partners on 20 December.
In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.
Mastercard Foundation backs affordable e-mobility financing for women and youth entrepreneurs as Roam and 4G Capital launch an electric motorcycle financing program that saves riders KES 500 daily. Long term vehicle financing programs are as not as widely implemented in a lot of countries on the African countries, which raises.
New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. China, both the world’s largest CO 2 emitter and largest market for clean energy production and consumption, played a crucial role in the story. billion and $2.7
The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each. Details of the 28 companies awarded a total of $4.2
Global clean energy investment was $67.8 billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). Public markets investment in clean energy jumped 120% to $3.1 billion, up 9% on a year earlier.
Together, clean power and electrification (comprising renewables, nuclear, energy storage, electrified transport and electrified heat) accounted for the vast majority of investment at $731 billion. The report also finds that climate-tech corporate finance totaled $165 billion in 2021.
The European Raw Materials Alliance (ERMA) will support Canadian mineral exploration and development company Mkango Resources Ltd.with securing financing for the development of a rare earth separation plant to be located in Pu?awy, awy, Poland.
However, the raw materials for batteries are, in most cases, imported into China from Africa and refined before being exported to Europe. Africa has a wealth of critical battery raw materials and is in a position to use these to attract more value-add in downstream processing and manufacturing.
Countries meeting in Durban, South Africa, managed to deliver an agreement after an extension to negotiations. access the fund, boosting their efforts to establish their own clean energy futures and adapt to. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC. existing climate change.
Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. This reform will not apply to our support for clean energy, renewables, and technologies that dramatically reduce greenhouse gas emissions.
Lagos-headquartered MAX describes itself as a technology-enabled company driven by a vision to solve mobility challenges in Africa. continued] The post MAX & Kofa Partner for TAILG Jidi Electric Motorcycle Financing in Ghana appeared first on CleanTechnica. MAX has over fourteen branches across Nigeria, Cameroon, and Ghana.
Solar Sister (Great Falls, Virginia) invests in women’s enterprises in off-grid communities in Africa. African Clean Energy (Lesotho) produces cookstoves that reduce smoke emissions and solar electricity for small electronics and LED lighting. Clean Energy Works (Washington, D.C.) Energy Access. Transportation.
A registry is to be set up to record and match developing country mitigation actions to finance and technology support from by industrialised countries. The next Conference of the Parties is scheduled to take place in South Africa, from 28 November to 9 December 2011.
Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.
At a meeting in the United Arab Emirates, Ministers at the Clean Energy Ministerial endorsed recommendations from the Carbon Capture, Use and Storage (CCUS) Action Group chaired by Australia and the UK. Energy Ministers from around the world have agreed to proposals to help speed up the global deployment of carbon capture and storage.
The KCB Group is the largest financial services organization in East Africa in terms of asset size. The Group is headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, South Sudan, Tanzania, Uganda, and Burundi.
The USA has effectively locked out Chinese batteries from its domestic market, but what if components like LFP cathodes are made in Morocco, in a factory financed by a Chinese–Korean partnership? Looks like there is more than one way to skin a cat. Sounds complicated, but it might just work, as Morocco has a free […]
Elsewhere in West Africa, Angola, Equatorial Guinea, Gabon, Congo and Cameroon collectively waste about 10 billion cubic meters of natural gas every year. Expand access to financing. Successful capture and flare gas utilization could potentially triple per capita electricity consumption for this nation of 155 million people.
The aptly-named Mbay wants to help cultivate and grow the green mobility sector in West Africa, starting in Dakar, Senegal. M’Bay means to cultivate in Wolof,the main language in Senegal. Mbay wants to play a key role in the transition to electric mobility by being the first mover in the electric car sector in Senegal […]
million financing arrangement for East Africa’s first dedicated electric bus rapid lane. Kenya and the European Commission have reached an agreement for a €347.6
Financing facilities are critical to the growth of any sector, and this will be a key enabler for Kenya’s electric mobility industry. Kenya’s electric mobility sector is starting to get really exciting and gaining some significant traction.
EkoRent Africa’s NopeaRide, Africa’s first all-electric ride-hailing taxi firm and delivery service (Nopea Xpress), has received funding from EEP Africa for piloting solar electric vehicle charging stations in Kenya. The first hub will be […].
Spiro, a leading electric motorbike manufacturer and clean energy provider in Africa, has so far deployed over 9200 electric motorbikes across Benin, Togo, and Rwanda.
The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. Meanwhile, projects face long lead times to finance, develop and commission.
The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.
Poland-based Hynfra has signed a framework cooperation agreement with Amarenco MENA, a major developer of renewable energy projects in the Middle East and North Africa and part of Amarenco Group. The company finances, develops, builds and operates C&I and large-scale solar PV plants across Europe, the Middle East, and Asia.
The event will feature over 20 e-mobility companies and attract over 1,000 attendees from the transport, energy, environment, education, and finance sectors, as well as the general public. This Saturday, the 29th of October, there will be a 1-day electric mobility exhibition at the Waterfront Mall in Karen, Nairobi!
In a major boost for electric mobility in Kenya, the country’s largest commercial bank, KCB Bank Kenya Limited, a subsidiary of KCB Group Plc, has partnered with BasiGo to finance electric buses for public transport operators.
This second wave of urbanisation is projected to see more than 3 billion additional people living in cities in a time-span of just 80 years, primarily in Africa and Asia. Finance: Tax incentives and subsidies can be used to stimulate the up-take of green technologies.
Dr. Situmbeko Musokotwane, Zambia’s Minister of Finance and National Planning, announced that, “… to continue promoting the usage of clean energy as well as supporting the green economy and climate change mitigation, I propose the following measures: a) Remove customs duty on […] Here is some good news from Zambia.
billion) and South Africa ($5.5 There were seven billion-dollar-plus financings of offshore wind projects, boosting the investment totals for the Netherlands, the UK and Germany. billion, the largest single renewable energy asset finance deal ever, outside large hydro—that of the 600MW Gemini project in Dutch waters.
This means that, in addition to extracting the high concentrations of rare earths from the monazite ore, the White Mesa Mill will also extract the naturally occurring uranium in this ore, which Energy Fuels will sell to power clean, carbon-free nuclear energy.
I have been quite bullish on the transition to electric mobility on the African continent. That’s because there are quite a number of factors that will help catalyze the transition at a much faster pace than most expect. Unlike in developed nations where the transition is taking off big time — especially in the electric […]
Yesterday, Zimbabwe’s Finance Minister, Professor Mhtuli Ncube, presented the 2025 National Budget under the theme “Building Resilience for Sustained Economic Transformation.” There were a lot of mixed reactions to most of the stuff announced in that proposed budget. Most of the feedback focused on the plethora of additional taxes proposed.
According to Zimbabwes Ministry of Finance and the national statistics agency Zimstat, in 2024, Zimbabwes merchandise imports were projected to reach $9.08 On the other hand, exports were projected to be close to $7.4 The means the trade deficit was estimated to be close to $1.7
Ethiopia’s Ministry of Finance exempted all electric vehicles from VAT, surtax, and excise tax! A year ago, the Ethiopian government introduced some incentives to catalyze the adoption of electric vehicles. They went further to exempt completely knocked-down kits from customs duty tax.
Watu says it has been at the forefront of asset financing for two- and three-wheeler vehicles. So far, the company has financed the purchase of over 100 electric assets in Kenya. Watu’s e-motorbike financing model enables customers to acquire an electric motorcycle for as little as Ksh 450 daily (US$3 per day).
Ghana’s Minister for Finance and Economic Planning presented the 2024 Budget Speech yesterday. As part of that speech, some great. continued] The post Ghana Waives Import Duties on Electric Vehicles For 8 Years Starting 2024 appeared first on CleanTechnica.
Reliance grows on a small number of producers: the increase in output from Middle East and North Africa (MENA) is over 90% of the required growth in world oil output to 2035. Key challenges for Russia are to finance a new generation of higher-cost oil and gas fields and to improve its energy efficiency.
The IEEE member from Kigali, Rwanda, participated in installing portable sinks in nearby rural markets to curb the spread of COVID-19 and provided clean water and sanitation services to people displaced by the Mount Nyiragongo volcano eruption in 2021. We receive these cereals and clean and grind them,” she says. “We
Uganda’s Minister of Finance, Planning and Economic Development, Matia Kasaija, recently delivered the country’s 2024/2025 national budget. There were some very interesting insights in there that give us a good look into Uganda’s electricity generation landscape as well as the current state and plans to grow the electric mobility ecosystem.
Moove, the world’s first mobility fintech company, was founded in response to the challenge faced by over 2 million African mobility entrepreneurs — the lack of access to vehicle financing. Lack of affordable vehicle financing is a big issue on the continent.
GOGO, formerly known as BODAWERK, and its asset financing partner Watu have just celebrated a key milestone. The 1,000th electric. continued] The post 1,000th Electric Motorcycle Sold Via GOGO & Watu Partnership in Uganda appeared first on CleanTechnica.
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