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Billions of dollars being used to fund coal power in Africa and Asia

Envirotec Magazine

Research published on 16 September highlights the troubling trend of pockets of funders continuing to finance additional coal-fired generation capacity in South Asia and Sub-Saharan Africa. The world’s 20 least-electrified countries by percentage of population without electricity are all in Sub-Saharan Africa.

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Revealed: How Development Banks Underwrote Fast Food’s Global Takeover

DeSmogBlog

A review of press accounts, financial disclosures, and the companies’ websites shows this support aided these firms’ KFC-linked operations in up to 13 countries in Asia, Africa, and Europe. In South Africa, the IFC helped one KFC supplier bolster its operations across the region. The EBRD sold its stake in the company in 2019.

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More Record Breaking Heat (Winter and Spring 2020)

Green Market Oracle

This surpassed the record set in January 2016 by 0.02°C. The average global land and ocean surface temperature for February 2020 was 1.17 °C above the 20th-century average and the second-highest on record behind 2016. April 2020 tied with 2016 as the warmest April on record worldwide. C above the 20th-century average.

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China Three Gorges starts work on 1.7 GW pumped storage station

Renewable Energy World

By the end of 2016 (the most recent data released), CTG’s consolidated installed capacity had reached about 70 GW and total installed capacity — including capacities commissioned, under construction and on a minority-equity basis — had reached 118 GW.

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Study: Climate change already having adverse effect on labour markets globally 

Business Green

hours per worker between 2016 and 2019 as a result of warming. Authors of the report, Elizabeth Robinson and Shouro Dasgupta, estimate that there has been a loss of around 158.4

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Recovering the Missing Millions Owed to Africa’s Minigrids

GreenTechMedia

The minigrid funding commitment from international donor organizations is “in the billions,” says Daniel Kitwa, energy access finance advisor at the Africa Minigrid Developers Association (AMDA). billion allocated to sub-Saharan Africa. This requires skills that would command a premium anywhere, and even more so in Africa.

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Bank of America becomes carbon neutral one year ahead of schedule

Business Green

Both goals were established in 2016 with a target date of 2021. Bank of America has become the latest corporate to hit carbon neutrality, with the firm announcing yesterday it has met the target a year ahead of schedule. At the same time, the US investment giant achieved a linked target of using 100 per cent renewable electricity, it said.