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The continent is rich in the commodities needed for the green energy transition and has abundant solar power, but many governments are also burdened with cripplingly high debts. "Eighty percent of the infrastructure Africa needs by 2050 has not yet been built," Gamboa said at the IMPACT conference. "They've come to a recognition that it is good development to leapfrog and go into the clean energy transition now." "We cannot and will not run away from doing fossil fuel-based investing because the development needs of the continent are so huge," the AFC's Gupta said. "The world still needs energy security, the world still needs energy source diversity.

Persons: John Muchucha, it's, Andrew Steer, Freddy, we've, Tom Mitchell, Sanjeev Gupta, Gupta, Cristina Gamboa, " Gamboa, ActionAid, Gloria Dickie, Jane Wardell, Sharon Singleton Organizations: REUTERS, Earth, Reuters IMPACT, International Institute for Environment, Development, London, African Finance Corporation, International Energy Agency, IMPACT, AFC, Thomson Locations: Africa, Nairobi, Kenya, London, Horn of Africa, Malawi, Mozambique, Madagascar, Sharm el, Sheikh, Lagos, Global South, Paris

☆ Homelessness in England has reached a 25-year high by this measure
▼ + stars: | 2023-07-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —The number of households living in temporary accommodation in England has hit its highest level since at least 1998, according to official data. Local authorities in England have a duty to provide accommodation for households that have become “unintentionally homeless.” While authorities process a household’s application for housing, they often provide temporary accommodation. “The majority of households in temporary accommodation have been placed under the main homelessness duty,” the housing department says in its definition of temporary accommodation. In addition, there were almost 38,000 households at risk of becoming homeless, broadly unchanged from the first quarter of 2022. The figure refers to homes in England, the department told CNN Wednesday.

Persons: —, “, Matt Downie, they’re Organizations: London CNN, Local, National Housing Federation, Scotland’s Heriot, Watt University, National, Building Council, CNN Locations: England, United Kingdom, —, Scotland, Wales

☆ India’s Surat Diamond Bourse: World’s new largest office building is bigger than the Pentagon
▼ + stars: | 2023-07-18 | by ( Oscar Holland | ) edition.cnn.com time to read: +6 min

The newly-opened Surat Diamond Bourse is billed as a “one-stop destination” for over 65,000 diamond professionals, including cutters, polishers and traders. The trading center’s architects say it comprises over 7.1 million square feet of floor space, which would mean it has surpassed the Pentagon as the world’s largest office building. According to the project’s CEO, Mahesh Gadhavi, Surat Diamond Bourse will save thousands of people from traveling — sometimes daily — to Mumbai by train to do business. The design was also informed by Morphogenesis’ research into how the Indian diamond trade operates. Edmund SumnerPlans for transformationAerial images of Surat Diamond Bourse show that the gargantuan building’s surroundings are, for now, remarkably low-rise.

Persons: Narendra Modi, Mahesh Gadhavi, Edmund Sumner “, ”, Gadhavi, Morphogenesis, Sonali Rastogi, Edmund Sumner, Rastogi, Modi, “ Organizations: CNN, Surat Diamond Bourse, Pentagon, Indian, Democratic, Building Council Locations: Belgian, Antwerp, Russia, Africa, Mumbai, India, Surat, Gujarat, Surat Diamond, —, New Delhi, ”

☆ Tiny home villages for homeless veterans are popping up around the country. Congress wants to send up to $100 million to fund more.
▼ + stars: | 2023-07-05 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

Tiny home villages are popping up across the country — including for homeless veterans. A bill introduced in Congress would fund up to $100 million to build five more around the country. For Ida, it was a "dream come true," according to Operation Tiny Home, on its website. Tiny home villages are popping up across the country, with many developers gearing their projects to help veterans and their families. "It's hard to overstate the significance of this bill, " Zack Giffin, spokesperson for Operation Tiny Home and the host of the Tiny House Nation television series, told Insider.

Persons: Tiny, —, Ida, who've, Republicans —, Zack Giffin, Giffin Organizations: Service, Navy, Congress, Republicans, Tiny, Tiny House Nation, Building

☆ Microsoft, Kimbal Musk, NBA's Russell Westbrook invest in Brooklyn-based climate tech company BlocPower
▼ + stars: | 2023-03-02 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

The round, which includes more than $24 million in Series B funding, was led by VoLo Earth Ventures. Microsoft Climate Innovation Fund, Credit Suisse, New York State Ventures, Kimbal and Christina Musk, and NBA player Russell Westbrook also were part of this equity round. The company also raised $130 million of debt financing led by Goldman Sachs, bringing BlocPower's total capital raised to-date to more than $250 million. BlocPower, a two-time CNBC Disruptor 50 company, has focused on improving the energy consumption and efficiency issues that many of the old buildings in the U.S. face. Since its founding in 2014, BlocPower says it has completed energy projects in more than 5,000 households, commercial buildings and houses of worship.

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