GreenTechMedia
FEBRUARY 25, 2020
These include the risk of weak offtaker finances leading to power purchase agreement renegotiations (as in South Africa and India) and rock-bottom auction prices (mostly in Gulf Cooperation Council countries) setting unrealistically low price expectations from governments in more challenging markets. Reflecting on the 2010s.
Business Green
OCTOBER 11, 2022
At COP26 an $8.5bn agreement just transition deal was brokered between South Africa and a host of industrialised economy governments. Richer nations have collectively failed to meet their promise - chalked up in 2009 - to mobilise $100bn a year in support of poorer countries.
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Business Green
NOVEMBER 4, 2022
Another COP is coming - the 27th United Nations Climate Change Conference. In addition, there is growing dismay, and anger in many quarters, that the unmet promises of past COPs, especially in providing finance to those that are suffering loss and damage from climate change, are going to make COP27 even more challenging.
Business Green
OCTOBER 25, 2021
Scaling up climate finance has been one of my top priorities as COP President," he said. However, Mohamed Adow, director of Nairobi-based think tank Power Shift Africa and a veteran observer of UN climate talks, slammed the announcement as "utterly shameful".
Business Green
NOVEMBER 15, 2021
The landmark $8bn-plus agreement with South Africa to support a just transition away from coal power also provides an exciting template for how emerging economies can be provided with support as they attempt to move onto cleaner development pathways. Business played a larger and more significant role at the Glasgow COP than any before it.
Renewable Energy World
OCTOBER 26, 2021
Wealthy countries promised in 2009 to contribute $100 billion a year by 2020 to help developing nations, a goal that has not been reached. Another challenge that has derailed past COPs is agreeing on implementing a carbon trading system outlined in the Paris Agreement. The U.S. , Courtesy: Johannes Plenio /Unsplash.
Business Green
OCTOBER 14, 2022
Sharma's appeal for a transformation of financial institutions is set to form part of a broader speech setting out climate finance priorities of the COP27 Climate Summit, where the UK will officially hand over the COP Presidency to host nation Egypt.
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