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Global geothermal industry passes 12,000 MW operational

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Financing was announced for projects in Costa Rica, Dominica, Djibouti, Ethiopia, Indonesia, Japan, Kenya, Mexico, Tanzania, and the United States, while projects in drilling and start-of-construction phases made headway in Chile, Germany, Guatemala, Italy, Japan, Montserrat, The Philippines, Rwanda, and Zambia.

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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Capital cost to build a 10k metric-ton battery precursor plant. If approached correctly, African countries can capitalize on their abundant natural resources, growing demand for vehicles and rapid urbanization to build a global hub to produce electric vehicles. This is three times cheaper than what a similar plant in the US would cost.

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Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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Unfortunately, this conference focused primarily on setting a cap on carbon emissions and providing financial aid to developing countries to build capacities to adapt to the negative impacts of climate change. But starting to raise immediate finance is more important than determining its exact future size.