Remove Africa Remove COP Remove Investment Remove Policy
article thumbnail

? Good COP, Bad COP

Climate Tech VC

  Maybe it was the offer of warm sun in December, but this year’s COP drew 100K attendees, almost double the size of COP15 in Paris. Climate tech played its biggest role ever at COP this year. At any point in the day this meant events on the global south, climate policy, ESG reporting, youth activism, and more.

COP 69
article thumbnail

COP28: Dispatches from the Field

Elemental Excelerator

In a variety of conversations it became clear to me that to some degree, regardless the outcome of COP negotiations, undrilled oil will soon become stranded assets,” Director of Innovation, Mobility & Innovation Gabriel Scheer shared. CarbonCure announced its first deployment in Africa — its 6th continent!

COP 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

1.5TW of additional transmission needed for net zero by 2040

Smart Energy International

For example Africa and Asia are seen as becoming net exporters of clean electricity with their export revenue offsetting the increased system costs, while the greatest savings are seen in North America with interconnectors between the US and Canada. Rather in sub-Saharan Africa a balance of interconnectors and mini grids is needed.

Africa 59
article thumbnail

G7 nations pledge to deliver near-zero carbon electricity grids by 2035

Business Green

They have called on the World Bank and other development banks to commit to end coal financing and submit investment plans aligned with Paris Agreement by the COP27 Climate Summit set to take place in Sharm el-Sheikh in Egypt this autumn. And in his speech today, Sharma said he hoped more detailed would be revealed over the coming months.

article thumbnail

COP27: Egypt commissions first green hydrogen plant

Business Green

The facility is expected to be the first integrated green hydrogen plant in Africa, and when fully developed it is set to boast 100MW of electrolyzers, powered by 260MW of solar and wind capacity. The site at Ain Sokhna has been selected as it is in the Suez Canal Economic Zone providing it with access to global shipping lanes. "It

article thumbnail

WoodMac: Emerging Solar Markets to Come of Age in 2020s

GreenTechMedia

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.

COP 130
article thumbnail

Fossil Fuel-Linked Companies Dominate Sponsorship of COP27

DeSmogBlog

COP27 partner Hassan Allam Holding , one of the largest privately owned corporations in Egypt, has announced plans to invest $17.1 billion to turn North Africa into a regional natural gas hub, and $830 million in oil projects over the next two years, the analysis found.