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Sasol and ITOCHU to partner on green ammonia and hydrogen

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South Africa-based Sasol and Japan-based ITOCHU Corporation have signed a Memorandum of Understanding (MoU) jointly to study and to develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation. Japan is expected to be a large importer of green ammonia in the future.

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Sibanye-Stillwater increases its shareholding in Keliber to 84.96%

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South Africa-based mining and metals group Sibanye Stillwater has increased its effective shareholding in Keliber Oy to 84.96%. At the end of June 2022, Keliber announced a financing arrangement that enables the lithium project to progress to the construction phase. Earlier post.) Earlier post.).

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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Most notably, Vietnam, South Africa, Mexico and Morocco led the rankings with a combined investment of $16 billion in 2018. In addition, under the pact, wealthy nations promised to provide $100 billion in “north-south” funding to developing nations to help them grow sustainably.

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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

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Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 The three biggest renewable energy asset financings in the quarter were the 860MW Triton Knoll project in UK waters at an investment cost of $2.6 South Africa at $2.6 billion for 300MW.

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Shipping industry, Oxfam and WWF call on COP 17 delegates to provide IMO with clear guidance on reducing shipping GHG emissions; potential for contributing to Green Climate Fund

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This includes the possibility of the adoption by IMO of a compensation mechanism through which a significant share of any revenues collected from international shipping could be directed to developing countries and provide a new source of finance to support their efforts to tackle climate change.

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Volkswagen plans integrated mobility concept in Rwanda; vehicle production in Kenya

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Volkswagen is taking a further step to develop market potentials in Africa. Volkswagen South Africa is forging ahead with this initiative in Rwanda together with Volkswagen’s Kenyan partner DT Dobie based on current experience from the establishment of production in Kenya. initiative.

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Elements of the Cancun Agreements

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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.