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Electricity access is declining in sub-Saharan Africa but solar offers a way forward, says IEA chief.
Electricity access has fallen for the first time in seven years in sub-Saharan Africa, but a boost to solar power could offer a way forward, says the chief of the International Energy Agency (IEA). An additional 13 million people across sub-Saharan African countries did not have any access to electricity this year, according to the IEA, an […]
South Africa’s Cities to Switch to Solar as Power Monopoly Ends
South Africa’s biggest cities are preparing to source their own power after the energy ministry this month approved letting them wean themselves off the state utility that’s subjected cities to outages for the past 13 years. Johannesburg and Cape Town, which have a combined population of about 10 million people, plan to diversify away from the […]
Fossil fuels demonstrating their unreliability
As oil markets fluctuate wildly, how can the world economy still be running on a commodity that not only wreaks havoc on the planet when extracted and burned, but is unpredictable and volatile? On 20 April, the West Texas Intermediate (WTI) oil futures contract for May 2020 delivery defied logic and settled for the first […]
Fossil fuel funding by world’s biggest banks has grown every year since the Paris Agreement, report finds
It’s as if the penny hasn’t dropped for the financial services industry that climate change is not only an increasingly disruptive environmental phenomenon, but a grave risk to the stability of the global economy. Financial support for the fossil fuel industry has increased every year since the Paris Agreement came into being in 2015, according […]