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☆ Elon Musk’s X, formerly Twitter, ranks last in climate misinformation ‘scorecard’
▼ + stars: | 2023-09-20 | by ( David Ingram | ) www.cnbc.com time to read: +6 min

Environmental groups slammed Elon Musk's X app, formerly known as Twitter, in a report Wednesday ranking social media platforms on their approach to climate change misinformation. Before Musk bought Twitter last year, the app said it banned advertisements that "contradict the scientific consensus on climate change." In a statement responding to the climate scorecard, YouTube said: "Our climate change policy explicitly prohibits the monetization of content that denies the existence of climate change, as well as ads that promote these claims. Debate or discussions of climate change topics, including around public policy or research, is allowed, but when content crosses the line to climate change denial, we stop showing ads on those videos. In general, our systems also don't recommend or prominently surface content that includes climate change misinformation."

Persons: Elon, it's, Musk, Erika Seiber, Pinterest, TikTok, they've Organizations: WWF International, General, Twitter, Elon, NBC News, Meta, YouTube, LinkedIn, Social, Facebook, New York Times Locations: San Francisco , California, Scotland, Patagonia, Spanish

[1/2] Former mayor of New York Michael Bloomberg speaks during a meeting with Earthshot prize winners and finalists at the Glasgow Science Center during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. The $500 million infusion into his decade-long Beyond Carbon initiative aims to "finish the job on coal" by working with state and local organizations to force the closure of the roughly 150 coal plants that have not yet retired, slash current gas generation in half and block the construction of new gas-fired plants. Bloomberg already has spent over $500 million to support the Sierra Club's Beyond Coal campaign, which originally aimed to retire 30% of the U.S. coal fleet by 2020. The money would support litigation brought against utilities and power companies by grassroots groups, state and local policy advocacy and financing to assist local communities with coal plant closures, Bloomberg Philanthropies said. Reporting by Valerie Volcovici; Editing by Katy Daigle and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: New York Michael Bloomberg, Alastair Grant, Michael Bloomberg, Bloomberg Philanthropies, U.N, Antonio Guterres, Valerie Volcovici, Katy Daigle, Grant McCool Organizations: New York, Glasgow Science Center, Change, UNITED NATIONS, Former New York City, Bloomberg, Sierra, General Assembly, Thomson Locations: Glasgow, Scotland, Britain, United States, U.S, America

Maybe Trump and his MAGA friends can bow down but I won’t,” Biden told supporters at a Broadway fundraiser. Biden has sought a package of $13.1 billion in additional military aid for Ukraine and $8.5 billion for humanitarian support. Officials played down Biden’s absence at the climate summit, saying the issue will be interspersed through the president’s remarks and events throughout the week. Senior administration officials said the two leaders will discuss issues including Iran but declined to elaborate further. Biden is scheduled to host talks Thursday at the White House with Ukraine President Volodymyr Zelenskyy.

Persons: Joe Biden, —, he’s, Donald Trump, Biden, Vladimir Putin’s, Trump, Putin, MAGA, ” Biden, “, “ He’s, underscoring, António Guterres, Xi, Jake Sullivan, ” Sullivan, John Kerry, Luiz Inácio Lula da Silva, Benjamin Netanyahu, Volodymyr Zelenskyy, ___ Kim Organizations: General, Donald Trump . White, Democratic, —, NATO, Kyiv, Trump, Ukraine, Central Asian, White House, . Security, White Locations: U.S, Ukraine, United States, New York, Central, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, France, Russia, China, Biden’s, Iran, Washington

UNITED NATIONS (AP) — It's Day 2 of the U.N. General Assembly high-level meeting that brings world leaders together at U.N. headquarters in New York. Political Cartoons View All 1169 Images— Speech count: 37, including opening speeches from the secretary-general and General Assembly presidentWHAT TO EXPECT AT THE UN GENERAL ASSEMBLY ON DAY 2— The U.N. Security Council will also meet. On the agenda: “maintenance of peace and security in Ukraine.” That country's president, Volodymyr Zelenskyy, is expected to attend. Climate Ambition Summit, where only leaders from nations that bring ideas for new and meaningful action will be allowed to speak. ___For more coverage of this year's U.N. General Assembly, visit https://apnews.com/hub/united-nations-general-assembly

Persons: —, António Guterres, Volodymyr Zelenskyy, Joe Biden, Benjamin Netanyahu, Netanyahu, QUOTABLE, ”, Gustavo Petro Organizations: UNITED NATIONS, General Assembly, UN GENERAL, General, . Security, Ambition, Israeli Locations: U.N, New York, Manhattan, Libya, Nagorno, Karabakh, Ukraine

WASHINGTON, Sept 18 (Reuters) - With the world on track to break the record for the hottest year in history, world leaders, business leaders, celebrities and activists have converged on midtown Manhattan for Climate Week and the U.N.'s Climate Action Summit, again focusing the world's attention on the climate crisis. As of Monday, the U.N. had not announced which world leaders or officials would get one of the coveted speaking slots at the climate summit. "It is disheartening to witness the lack of ambition on what truly ails us – emissions from fossil fuels," the small islands alliance said in a statement. "We implore the international community to use the platforms of the UNGA and New York Climate Week to signal unequivocal support for Small Island Developing States," it said, using the acronym for the U.N. General Assembly. Meanwhile, at several hotel ballrooms and other venues across Manhattan, around 2,600 people have registered for in-person attendance at Climate Week events featuring over 200 speakers from the private sector, governments and nongovernmentalion (NGOs.

Persons: Antonio Guterres, we're, Selwin Hart, Guterres, Hart, We’ve, Romain Ioualalen, Valerie Volcovici, Jonathan Oatis Organizations: Climate, United Nations General Assembly, U.N, Action, United Arab, Alliance of Small, General, Oil Change, Thomson Locations: Manhattan, Paris, United Arab Emirates, Brazil, China, South Africa, India, Russia, New, midtown Manhattan

☆ Alberta premier wants to unveil carbon capture storage tax credits at COP 28
▼ + stars: | 2023-09-18 | by ( Nia Williams | ) www.reuters.com time to read: +1 min

CALGARY, Alberta, Sept 18 (Reuters) - Alberta Premier Danielle Smith said on Monday she wanted to announce the details of investment tax credits to support carbon capture and storage (CCS) projects at the COP 28 climate summit in Dubai at the end of this year. Smith made the announcement during a news conference on the sidelines of the World Petroleum Congress in Calgary. Alberta is Canada's main producer of crude oil and natural gas, and its highest carbon-emitting province. COP 28 runs from Nov. 30 until Dec. 12. Reporting by Nia Williams; writing by David Ljunggren; Editing by Leslie Adler and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Danielle Smith, Smith, Nia Williams, David Ljunggren, Leslie Adler, Richard Chang Organizations: World Petroleum Congress, Pathways Alliance, Suncor Energy, Cenovus Energy, Thomson Locations: CALGARY, Alberta, Dubai, Calgary . Alberta, Ottawa

☆ Climate protesters in New York and across the globe send message to United Nations
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +2 min

[1/10] Activists mark the start of Climate Week in New York during a demonstration calling for the U.S. government to take action on climate change and reject the use of fossil fuels in New York City, New York, U.S., September 17, 2023. With parades, concerts, and banging drums, some of the 15,000 expected waved signs that read "End Fossil Fuel Use" and "Fossil Fuels Kill" and "Declare a Climate Emergency." The message was for world leaders to save the planet from the use of oil and gas believed to be driving a warming globe. "Climate Week NYC is all about getting it done," organizers wrote online. "Through celebrating climate action, challenging ourselves to do more, and exploring ways to increase ambition, Climate Week NYC inspires, amplifies and scrutinizes the commitments, policies and actions of those with the power to make change happen."

Persons: Eduardo Munoz, Joe Biden, Rich McKay, Sandra Maler Organizations: U.S, REUTERS, General Assembly, Climate Group, Reuters, Thomson Locations: New York, New York City , New York, U.S, Midtown , Manhattan, Germany, England, South Korea, India, Atlanta

☆ Climate Protesters in New York and Across the Globe Send Message to United Nations
▼ + stars: | 2023-09-17 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

(Reuters) - Thousands of protesters kicked off "Climate Week" and filled the streets of Midtown, Manhattan, on Sunday ahead of the U.N. General Assembly this week, calling for President Joe Biden and world leaders to end fossil fuel use. With parades, concerts, and banging drums, some of the 15,000 expected waved signs that read "End Fossil Fuel Use" and "Fossil Fuels Kill" and "Declare a Climate Emergency." The message was for world leaders to save the planet from the use of oil and gas believed to be driving a warming globe. "Climate Week NYC is all about getting it done," organizers wrote online. "Through celebrating climate action, challenging ourselves to do more, and exploring ways to increase ambition, Climate Week NYC inspires, amplifies and scrutinizes the commitments, policies and actions of those with the power to make change happen."

Persons: Joe Biden, Rich McKay, Sandra Maler Organizations: Reuters, General Assembly, Climate Group Locations: Midtown , Manhattan, U.S, Germany, England, South Korea, India, Atlanta

“If you want to win in 2024, if you do not want the blood of my generation to be on your hands, end fossil fuels.”The March to End Fossil Fuels featured such politicians as Rep. Alexandria Ocasio-Cortez and actors Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick and Kevin Bacon. “It is frustrating.”Protest organizers emphasized how let down they felt that Biden, who many of them supported in 2020, has overseen increased drilling for oil and fossil fuels. "You need to phase out fossil fuels to survive our planet,” said Jean Su, a march organizer and energy justice director for the Center for Biological Diversity. And the march, unlike others, was more clearly focused on fossil fuels. “The elephant is that fossil fuels are responsible for the crisis.

Persons: it's, Joe Biden, ”, Emma Buretta, Alexandria Ocasio, Cortez, Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick, Kevin Bacon, Antonio Guterres, Athena Wilson, Maleah, ” Athena, “, Alexandria Gordon, Biden, Sharon Lavigne, Jean Su, Eve Ensler, Anna Fels, That's, Vanessa Nakate, Megan Bloomgren, Seth Borenstein Organizations: Sunday, U.S, Broadway, United Nations, U.N, Boca, “, Center for Biological Diversity, New Yorker, American Petroleum Institute, Twitter, AP Locations: Brooklyn, Alexandria, Sunday's, Boca Raton , Florida, Florida, Houston, Louisiana, U.S, United States, China, New, Vietnam

☆ Tens of thousands march to demand end to fossil fuels ahead of UN climate summit
▼ + stars: | 2023-09-17 | by ( ) www.cnbc.com time to read: +5 min

"If you want to win in 2024, if you do not want the blood of my generation to be on your hands, end fossil fuels." The March to End Fossil Fuels featured such politicians as Rep. Alexandria Ocasio-Cortez and actors Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick and Kevin Bacon. "If you don't stop fossil fuels our blood is on your hands." And the march, unlike others, was more clearly focused on fossil fuels. Signs included "Fossil fuels are killing us" and "I want a fossil free future" and "keep it in the ground."

Persons: Spencer Platt, it's, Joe Biden, Emma Buretta, Alexandria Ocasio, Cortez, Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick, Kevin Bacon, Antonio Guterres, Athena Wilson, Maleah, Athena, Alexandria Gordon, Biden, Sharon Lavigne, Jean Su, Eve Ensler, Anna Fels, Vanessa Nakate, Megan Bloomgren Organizations: United Nations, Ambition, UN, Assembly, Getty, Sunday, U.S, Broadway, U.N, Boca, Center for Biological Diversity, New Yorker, American Petroleum Institute Locations: New York, New York City, Brooklyn, Alexandria, Sunday's, Boca Raton , Florida, Florida, Houston, Louisiana, U.S, United States, China, New, Vietnam

☆ Global climate protests demand world leaders phase out fossil fuels
▼ + stars: | 2023-09-15 | by ( Kate Abnett | ) www.reuters.com time to read: +4 min

Organizers of the protests expect global turnout over the weekend to total more than a million people. "This is directed at world leaders," said Mitzi Jonelle Tan, a climate activist with youth movement Fridays for Future in Manila, the Philippines. We need a just transition, and we need to phase out the fossil fuels causing the destruction of our environment," she told Reuters. The burning of fossil fuels is the main cause of climate change, but countries have never agreed in U.N. climate talks to phase out fossil fuels - though they have committed to phase down use of coal power. Despite having plentiful solar energy resources, Africa received only 2% of global investments in renewable energy over the last two decades, the International Renewable Energy Agency has said.

Persons: Greta Thunberg, Mitzi Jonelle Tan, Eric Njuguna, U.N, General Antonio Guterres, Kate Abnett, Katy Daigle, Aurora Ellis Organizations: United States, Organizers, Reuters, Governments, International Renewable Energy Agency, General Assembly, Thomson Locations: COP28, BRUSSELS, Pakistan, Nigeria, United, Swedish, Manila, Philippines, Nairobi, Kenya, U.N, Africa, New York

☆ $700 billion a year is needed to reverse the decline in biodiversity by 2030: The Nature Conservancy
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email$700 billion a year is needed to reverse the decline in biodiversity by 2030: The Nature ConservancyCNBC's Sam Vadas speaks to Jennifer Morris, CEO of The Nature Conservancy, about what's required to finance conservation and what's needed from the COP28 climate summit.

Persons: Sam Vadas, Jennifer Morris Organizations: Conservancy

Instead, it will explore the technology developed by Dual Fluid Energy Inc. to address the need for cleaner sources of energy. Much of the country's electricity comes from hydropower and diesel plants, according to the Rwanda Energy Group, and only about 68% of people have access to electricity. The CEO of the Rwanda Atomic Energy Board, Fidel Ndahayo, said the deal is part of a strategy of partnerships with startup companies developing small modular nuclear reactor technologies. “The Dual Fluid technology has nuclear safety design features that make it accident-free," Ndahayo asserted in the statement. “Living near a nuclear energy plant is like living near a nuclear bomb which can explode and cause more damages," The New Times reported.

Persons: Götz Ruprecht, ”, Juan Matthews, Matthews, Fidel Ndahayo, Ndahayo, ” Ndahayo, Frank Habineza, ___ Anna Organizations: Dual Fluid Energy Inc, Rwanda Energy Group, Fluid Energy, Organization for Economic Cooperation, Development's Nuclear Energy Agency, International Atomic Energy Agency, IAEA, Energy, Dalton Nuclear, University of Manchester, New Times, Africa Climate Summit, Rwanda Atomic Energy Board Locations: KIGALI, Rwanda, Canada, Africa, Russia, Nairobi, Kenya

REUTERS/Emilie Madi/ Acquire Licensing RightsBOGOTA, Sept 12 (Reuters) - Colombia was the deadliest country for environmentalists in 2022, with at least 60 environmental and land rights defenders killed there, British advocacy group Global Witness said in a report on Tuesday. Global Witness found at least 177 environmentalists were killed globally last year. The findings returned Colombia to the top of the list of deadliest countries for environmentalists after killings declined in 2021 compared to 2019 and 2020. Brazil and Mexico were the second and third most deadly countries for environmentalists in 2022, the report found, with at least 34 and 31 killings respectively. The only two countries not from Latin America to be included in the 10 most dangerous for environmentalists were the Philippines and Indonesia, Global Witness said.

Persons: Susana Muhamad, Emilie Madi, Laura Furones, Gustavo Petro, Muhamad, Oliver Griffin, Grant McCool Organizations: Reuters, REUTERS, Rights, Global, Environmental, Constitutional, Thomson Locations: Red, el, Sheikh, Egypt, Rights BOGOTA, Colombia, America, Costa Rica, Brazil, Mexico, Philippines, Indonesia

☆ Demand for oil, gas and coal will peak by 2030, but that's not fast enough to keep global warming within 1.5 degrees, says IEA chief
▼ + stars: | 2023-09-12 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +2 min

Demand for fossil fuels like oil, gas and coal will hit an all-time high before 2030, according to Fatih Birol, executive director of the International Energy Agency. "Despite recurring talk of peak oil and peak coal over the years, both fuels are hitting all-time highs, making it easier to push back against any assertions that they could soon be on the wane. The IEA is a global intergovernmental energy agency founded in 1974 after the oil crisis in 1973, and which now includes in its energy charter clean energy and the global energy transition. Also, China's slowing economy will decrease its use of coal, Birol said. The surge in adoption of electric vehicles, including in China, contributes to the IEA's forecast that oil demand will peak before 2030.

Persons: Fatih Birol, Birol Organizations: International Energy Agency, AFP, Africa Climate, Kenyatta International Convention, Financial Times, IEA, World Energy Locations: Africa, Nairobi, China

☆ Key takeaways from the 2023 G20 summit in New Delhi
▼ + stars: | 2023-09-10 | by ( Sanjeev Miglani | ) www.reuters.com time to read: +4 min

FILE PHOTO-A man walks past a model of the G20 logo outside a metro station ahead of the G20 Summit in New Delhi, India, September 4, 2023. The entry of the AU would provide greater voice to the Global South within the G20 where the G7 countries have long played a dominant role. The deliberations of the G20 were being closely watched ahead of the COP28 U.N climate summit in the United Arab Emirates later this year. Modi's image has been on G20 billboards across the capital and in the vast and swanky new conference venue. To his supporters the successful outcome of the summit showed India's big moment had arrived.

Persons: Anushree, Joe Biden, Biden, MODI, Narendra Modi, Sanjeev Miglani, Kim Coghill Organizations: REUTERS, World Bank, Union, Diplomats, Host, European Union, U.S, Washington, United Arab, AS, Indian, India, Thomson Locations: New Delhi, India, DELHI, Ukraine, UKRAINE, Russia, Brazil, Indonesia, South Africa, China, Saudi Arabia, Iran, Beijing, SAUDI, United States, East, South Asia, Europe, United Arab Emirates

While a major climate policy breakthrough appears unlikely at the G20 summit this weekend, experts do expect less-wealthy countries to continue pressing richer ones to provide more climate financing. Last year, rich countries agreed at a climate summit in Egypt to establish a fund that would help poor, vulnerable countries cope with climate disasters made worse by pollution from wealthy nations. “Ambitions for climate action must be matched with actions on climate finance and transfer of technology,” he wrote. But a meeting of climate ministers from G20 countries in India earlier this summer failed to produce consensus on climate-mitigation targets. There was some progress on climate finance at a G20 summit in Rome two years ago, where leaders said they would end the financing of coal power plants overseas.

Persons: Narendra Modi, ” Organizations: European Union Locations: United States, Egypt, Tuvalu, Chad, Pakistan, Pacific, India, Paris, Rome

☆ G20 agrees to pursue tripling renewables capacity but stop short of major goals
▼ + stars: | 2023-09-09 | by ( Shivam Patel | ) www.reuters.com time to read: +3 min

A general view of GE Renewable Energy wind turbines, part of Pattern Energy’s Western Spirit Wind project, the largest wind project in the U.S., near Encino, New Mexico, U.S., March 15, 2023. REUTERS/Bing Guan/File Photo Acquire Licensing RightsNEW DELHI, Sept 9 (Reuters) - G20 leaders on Saturday agreed to pursue tripling renewable energy capacity globally by 2030 and accepted the need to phase-down unabated coal power, but stopped short of setting major climate goals. The world's 20 major economies have had disagreements on commitments to reduce fossil fuel use, cut green house gas emissions and increase renewable energy targets. The declaration adopted by G20 leaders on the first day of the two-day summit in New Delhi did not mention cutting green house emissions. It said member nations "will pursue and encourage efforts to triple renewable energy capacity globally ... in line with national circumstances by 2030."

Persons: Bing Guan, Shivam Patel, YP Rajesh, Kim Coghill Organizations: GE Renewable Energy, REUTERS, Reuters, United Arab, YP, Thomson Locations: U.S, Encino , New Mexico, DELHI, Russia, China, Saudi Arabia, India, New Delhi, United Arab Emirates

NEW DELHI (AP) — G20 leaders agreed Saturday to triple renewable energy and try to increase the funds for climate change-related disasters but maintained the status quo with regards to phasing out carbon spewing coal. Even at the last meeting of the G20 climate ministers before the summit, disagreements had remained. Global leaders and climate experts say the declaration had largely taken the conversation forward, setting the stage for an ambitious climate agreement when they meet at the global climate conference, COP28, in Dubai later this year. For the first time, the G20 countries agreed on the amounts required to shift to clean energy. “However, it’s disappointing that the G20 could not agree on phasing down fossil fuels.”"Increasing renewables and reducing fossil fuels need to necessarily happen together – we need stronger bolder action from leaders on both.

Persons: Amitabh Kant, al, Jaber, ”, Harjeet Singh, Singh, Madhura Joshi Organizations: DELHI, Indian, Global, Climate Action, Global Energy Monitor, AP Locations: Dubai, Mumbai

While a major climate policy breakthrough appears unlikely at the G20 summit this weekend, experts do expect less-wealthy countries to continue pressing richer ones to provide more climate financing. In an article published in Indian newspapers on Thursday, Prime Minister Narendra Modi of India appeared to signal that climate finance would be a priority this weekend. “Ambitions for climate action must be matched with actions on climate finance and transfer of technology,” he wrote. But a meeting of climate ministers from G20 countries in India earlier this summer failed to produce consensus on climate-mitigation targets. There was some progress on climate finance at a G20 summit in Rome two years ago, where leaders said they would end the financing of coal power plants overseas.

Persons: Narendra Modi, ” Organizations: European Union Locations: United States, Egypt, Tuvalu, Chad, Pakistan, Pacific, India, Paris, Rome

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

☆ Africa Climate Summit: Billions pledged to green projects but leaders warn of need ‘to act with urgency’
▼ + stars: | 2023-09-07 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +5 min

CNN —The inaugural Africa Climate Summit drew to a close on Wednesday, with the host, Kenya’s president William Ruto, saying that a total of $23 billion had been pledged to green projects by governments, investors, development banks and philanthropists. Among the most eye-catching finance announcements, the United Arab Emirates pledged $4.5 billion to clean energy initiatives in Africa. “It is our ambition that this will launch a new transformative partnership to jumpstart a pipeline of bankable clean energy projects in this important continent,” Al-Jaber said, adding that the investment could lead to the generation of 15 gigawatts of clean energy by 2030. At the Africa Climate Summit, UN Secretary General Antonio Guterres noted that the continent was responsible for less than four per cent of global carbon emissions. LUIS TATO/AFP/AFP via Getty ImagesGermany announced 450 million euros (about $481 million) of climate finance pledges, and and the US pledged $30 million to support climate resilient food security efforts across Africa.

Persons: William Ruto, Sultan Al, Jaber, ” Al, Yemi Osinbajo, ”, General Antonio Guterres, LUIS TATO, “, Osinbajo, greening Organizations: CNN, Africa Climate Summit, United Arab Emirates, COP28, Global Energy Alliance for People, UN, Getty Images Locations: Africa, Nairobi, Dubai, “, jumpstart, Nigeria, AFP, Copenhagen

☆ Africa’s Vast Solar and Mineral Resources at Risk of Being Left Untapped, IEA Warns
▼ + stars: | 2023-09-06 | by ( Will Horner | ) www.wsj.com time to read: +6 min

Energy investment in Africa needs to more than double by the end of the decade if the continent is to meet its energy and climate goals. “Energy investment on our continent has fallen short,” wrote William Ruto, president of Kenya, in the report’s foreword. Photo: Lucien Kahozi/Bloomberg NewsAll of these are pushing up the cost of capital which makes many African energy projects financially unviable despite ample local resources and proven technologies such as wind or solar power, the report said. PREVIEWCurrently, 600 million people across Africa lack access to electricity and almost one billion have no access to clean cooking fuels. African nations are seeking redress for the effects of climate change they experience despite contributing little to carbon emissions, the main driver of global warming.

Persons: ”, Fatih Birol, simon maina, William Ruto, Lucien Kahozi, Will Horner, william.horner@wsj.com Organizations: International Energy Agency, African Development Bank, IEA, Agence France, West, “ Energy, Democratic, Bloomberg, Sustainable Business, Africa Climate Locations: Africa, Paris, ” Africa, China, Kenya, Democratic Republic of Congo, Ukraine, Nairobi

☆ At Africa’s First Climate Summit, a Clear Call to the World: Invest in Us
▼ + stars: | 2023-09-06 | by ( Max Bearak | More About Max Bearak | ) www.nytimes.com time to read: +1 min

Heads of state from across Africa concluded an inaugural climate summit on Wednesday in Nairobi, Kenya’s capital, by issuing a declaration that called for an urgent restructuring of the way wealthier nations engage with the continent. The declaration stressed numerous times that rather than being a hapless victim, Africa was primed for leadership on clean energy and environmental stewardship. This lack of financing is one of the biggest issues dividing rich and poor nations as the world struggles to slash carbon dioxide emissions. It will be one of the main points of contention at the United Nations global climate summit starting Nov. 30 in Dubai. The historic gathering in Nairobi was partly an effort by poorer nations to amplify their argument.

Organizations: United Nations Locations: Africa, Nairobi, Kenya’s, Dubai

Renewable energy is more reliable but its promise for the region still remains largely unmet. Most households have depended on gasoline generators for power, but recently the government removed a gasoline subsidy, prompting increased interest in solar power, according to dealers. The Nigerian government has not announced incentives to promote solar energy, such as reducing import taxes on solar equipment as demanded by dealers. “The problem was affordability, but now customers can pay installments over a period of 18 months,” said Tunde Oladipupo, an agent for Sun King, a solar power company. Another example of this shift is the Ford vehicle assembly plant in Silverton, Pretoria, which currently sources over 35% of its electricity from solar power.

Persons: Rashmi Shah, ”, William Ruto, Tunde Oladipupo, Sun King, Monsurat Qadri, ” Qadri, ” Mohammed Ettu, Shah, ” Shah, ___ Adebayo, Magome Organizations: Climate Summit, World Bank, CP Solar’s, Associated Press, Kenyan, Solutions, Ford, South, CP, Kenya Power, Lighting Company, Supersport, AP Locations: NAIROBI, Mombasa, Nairobi, Kisii County, Kenya, Africa, Nigeria, Oyo, Lagos, Saharan Africa, South Africa, Stillwater, American, Silverton , Pretoria, Mpumalanga, Kenya —, Abuja, Johannesburg

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