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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). The decline was not confined to China, however. billion and $2.7

Coal 243
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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

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But the market looks increasingly crowded and consolidation is likely. Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 Public markets investment in clean energy jumped 120% to $3.1 billion, the Enel Green Power South Africa portfolio, at $1.4

Clean 259
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Sibanye-Stillwater increases its shareholding in Keliber to 84.96%

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South Africa-based mining and metals group Sibanye Stillwater has increased its effective shareholding in Keliber Oy to 84.96%. At the end of June 2022, Keliber announced a financing arrangement that enables the lithium project to progress to the construction phase. Earlier post.) Earlier post.).

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Sasol and ITOCHU to partner on green ammonia and hydrogen

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South Africa-based Sasol and Japan-based ITOCHU Corporation have signed a Memorandum of Understanding (MoU) jointly to study and to develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation.

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Summary of decisions from Durban climate conference

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Countries meeting in Durban, South Africa, managed to deliver an agreement after an extension to negotiations. markets all remain in action as effective tools to leverage global climate action and as models to inform. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC.

Climate 294
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Elements of the Cancun Agreements

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Elements of the Cancun Agreements include: Industrialised country targets are officially recognised under the multilateral process and these countries are to develop low-carbon development plans and strategies and assess how best to meet them, including through market mechanisms, and to report their inventories annually.

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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.