Tag: energy transition

Renewables Remain Critically Underfunded in Africa: Zero Carbon Analytics

Renewables Remain Critically Underfunded in Africa: Zero Carbon Analytics

December 11, 2023 |

Though Africa only accounts a tiny percentage of global CO2 emissions, renewables deployment has grown substantially over the last decade, doubling between 2012 and 2022, from 28.45 GW to 58.78 GW, with an average year-on-year growth rate of 7.6%. South Africa has seen the highest growth in generation capacity, followed by Egypt. As of 2021, around 25% of installed capacity on the continent was renewables-based. Despite this growth, Africa still only accounts for less than 3% of total global renewables capacity.

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EU Climate and Energy Policy: Briefing

EU Climate and Energy Policy: Briefing

December 8, 2023 | ,

The energy crunch made it clear that, as long as electricity generation at times of high demand largely depends on gas power plants, power prices will spike when gas prices do. This has prompted the EU to launch a reform of its power market design, now reaching its final stages. It aims to standardise national policies to support investment in renewables across the continent, to ultimately reduce dependence on fossil-fuelled power generation.

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State of Energy in EU: Report

State of Energy in EU: Report

November 3, 2023 | ,

The annual State of the Energy Union report, together with its accompanying reports, takes stock of the EU’s progress towards the objectives of the Energy Union and the clean energy transition in line with the energy and climate targets. This year’s report looks back at how the EU reacted towards unprecedented crises and challenges during the current commission’s mandate and considers remaining challenges.

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Accelerating Decarbonisation in MENA: Report

Accelerating Decarbonisation in MENA: Report

November 3, 2023 | ,

Saudi Arabia has announced plans to cut greenhouse gas (GHG) emissions by 278 million tons of CO2 equivalent (CO2e). In this regard, this paper contributes a modeling view of the climate-related effects of various energy policies on the Saudi energy system. The baseline entails the continued progression of current domestic policies without energy price reform. It examines two main alternative scenarios.

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World Bank approves $1 billion loan for South Africa’s energy reforms

World Bank approves $1 billion loan for South Africa’s energy reforms

November 2, 2023 |

The World Bank has sanctioned a development policy loan worth $1 billion with the aim of bolstering South Africa’s energy sector, advancing its low-carbon transition, and supporting the ongoing electricity market reforms in the country. The funding, structured as a development policy loan, will be channelled to the National Treasury.

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Poland’s Green Energy Transition: Paper

Poland’s Green Energy Transition: Paper

October 20, 2023 | ,

Poland’s economy, including its energy sector, is still heavily dependent on fossil fuels, including coal. In recent years Poland has significantly developed its renewable energy potential, reduced carbon dioxide emissions, and rolled out energy efficiency measures. Poland has the potential to carry out an ambitious energy transition, considering its renewable energy potential, plans for nuclear power, and public support for change.

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Africa Energy Outlook 2023 Report

Africa Energy Outlook 2023 Report

October 13, 2023 | ,

Africa is a continent rich in energy and related resources, but hindered by widespread energy poverty. The Africa Energy Outlook 2023 delves into this paradox that the African continent presents. This comprehensive report is a roadmap towards a brighter future, focusing on charting Africa’s energy landscape as it transitions towards renewables and cleaner energy sources.

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Transition Finance in Japan: Paper

Transition Finance in Japan: Paper

October 13, 2023 | ,

The paper presents an overview of Japan’s climate change and transition policy landscape, with particular attention given to the recently cabinet-approved GX Plan. The paper then highlights priority areas that should be strengthened while focusing on guidance to the private sector and on transition finance. 

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Consistent approaches to transition plans: a priority for the G7 and G20

Consistent approaches to transition plans: a priority for the G7 and G20

October 9, 2023 |

Private sector transition plans can play a vital role in accelerating an orderly shift to a climate-resilient world. With momentum growing, the key now is to ensure consistent approaches for ambitious, credible and accountable plans. The G7 and G20, working with key multilateral partners, should support the development of shared international approaches to transition plans and planning. This year has seen increased understanding of the value of strategic transition plans.

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Five key action areas to put Europe’s energy transition on a more orderly path

Five key action areas to put Europe’s energy transition on a more orderly path

September 10, 2023 |

The energy transition could offer broad economic benefits for the European Union—such as increased energy reliability, economic growth, and job creation—for example, by developing supply chains for renewables such as solar-photovoltaic (PV) manufacturing. In addition to reducing CO2 emissions, a successful transition would strengthen the region’s energy security by reducing dependence on fossil fuels and energy imports.

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A Just Transition: G20 energy ministers outline the way forward

A Just Transition: G20 energy ministers outline the way forward

September 1, 2023 |

In the run up to India-led G20 Leaders’ Summit 2023, the Energy Transitions Ministerial Meeting (ETMM) concluded last month with a forward-looking outcome document that emphasises the acceleration of a just and equitable energy transition. While member natio­ns unanimously recognised the need for addressing technology gaps, ensuring low-cost financing and promoting energy efficiency, among other things as co­mponents of energy transitions, discussions on tripling renewable energy capa­city and phasing out coal were the poin­ts of divergence.

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ABH and SolarEdge Technologies form joint venture in Saudi Arabia

ABH and SolarEdge Technologies form joint venture in Saudi Arabia

August 3, 2023 |

The Ajlan & Bros Holding (ABH), a private sector enterprise in the Middle East and North African region has formed a joint venture with SolarEdge Technologies, involved in the development of smart energy technologies. The joint venture company will be formed in Riyadh, and will provide companies in the country with energy production, storage, and management solutions as well as site modelling and consulting for the energy transition.

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Low-cost finance for the energy transition: Report

Low-cost finance for the energy transition: Report

May 19, 2023 | ,

The need to scale up the deployment of technologies such as green hydrogen, energy storage and offshore wind has become increasingly critical to the success of the global energy transition and to meeting global climate goals. The report offers lessons from historical cost reduction trends for solar PV and onshore wind technologies, enabling innovative frameworks that can adopted to accelerate the deployment of new and critical low-carbon technologies.

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China may reach energy self-sufficiency by 2060

China may reach energy self-sufficiency by 2060

April 17, 2023 |

China is on track to produce almost three times more power from wind turbines and solar panels than the government has targeted to have in place by the end of the decade – and it could become energy self-sufficient by 2060. Those forecasts come from Goldman Sachs Research, which predicts China’s combined capacity of solar and wind energy will reach 3.3 terawatts by 2030, far exceeding the government’s current target of 1.2 terawatts.

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Strategies for Coal Transition in Korea: Report

Strategies for Coal Transition in Korea: Report

March 24, 2023 | ,

The objective of the study was to provide high-level policy recommendations on Korea’s clean energy transition from coal in the power sector. The report covers a detailed review of policy and market developments around Korea’s transition to net zero. The scope of the report includes all sectors of the economy, industry and all the regions across the world, where the authors extract the main recommendations that are applicable to the case of Korea.

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Malaysia Energy Transition Outlook

Malaysia Energy Transition Outlook

March 9, 2023 | ,

The outlook provides a comprehensive, renewables-focused, long-term energy pathway for the transition to a cleaner and more sustainable energy system in Malaysia. It explores end-use sector electrification, the rapid expansion of renewable generation, energy efficiency solutions, the role of emerging technologies such as clean hydrogen and batteries, as well as the importance of expanding regional power sector integration, both within the country and with neighbouring countries.

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Where does Europe’s electricity come from?

Where does Europe’s electricity come from?

March 5, 2023 |

Europe has been steadily transitioning towards renewable sources of energy for their electricity generation, making considerable progress over the last decade. In 2011, fossil fuels (oil, natural gas, and coal) made up 49% of the EU’s electricity production while renewable energy sources only made up 18%. A decade later, renewable energy sources are coming close to equaling fossil fuels, with renewables making up 32% of the EU’s electricity generation compared to fossil fuels’ 36% in 2021.

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Financing the Transition: Energy Supply Investment and Bank Financing Activity

Financing the Transition: Energy Supply Investment and Bank Financing Activity

March 5, 2023 |

In 2021, banks financed 81% as much low-carbon energy supply as fossil fuels – for every dollar of bank financing activity supporting fossil-fuel supply, 0.8 supported low-carbon energy. While financing is a different metric to capital invested, this ratio broadly reflected real-economy investment activity at 0.9:1. For every dollar invested in fossil fuel supply in 2030 this should be matched with four times as much being invested in low-carbon energy supply.

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Polish Energy Strategy: Report

Polish Energy Strategy: Report

February 24, 2023 | ,

To deliver on commitments to increase energy security, the Polish government needs to substantially increase renewables ambition, enable conditions for rapid renewables deployment and reduce gas expansion plans. For these goals, the new PEP2040 document should aim for above 50% of renewable electricity generation by 2030 as well as 100 GW of renewables capacity and a net zero power system by 2040.

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