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IEA holds high-level workshop on the future of electricity

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Participants in the IEA's electricity workshop will help focus the work of the next World Energy Outlook's fuel focus on electricity (Photograph: IEA)

The future of electricity will be the “fuel” focus of the next World Energy Outlook, the International Energy Agency’s flagship publication, to be released in mid-November.   

As part of an agency-wide effort on this WEO electricity focus, the IEA hosted a high-level workshop in Paris on Tuesday, bringing together decision makers and leading experts from around the world to provide strategic guidance on the analysis and share their experience. The workshop marked a high point in the IEA’s “Year of Electricity,” examining various aspects of the transformation of the electricity sector this year.

The workshop was attended by representatives from 75 organisations, covering a wide range from government, industry, utilities, manufacturers, downstream, consulting, industry associations, research and academia. It also included a broad regional coverage, with participants representing more than 40 countries, from the IEA family and beyond.

The future looks bright for electricity, which is set to grow at twice the rate of overall energy demand to 2040. In 2016, total power sector investment surpassed that of oil and gas for the first time, propelled by renewables, mostly solar and wind. Meanwhile 1.1 billion people still lack access to electricity globally, new demand is coming from electric mobility, digitalization, cooling and heating.

And the nature of electricity supply is undergoing a major transition, from a century-old foundation of dispatchable fossil fuels to ever cheaper variable renewables, with related market reforms underway. The power sector is responsible for close to 40% of energy-related greenhouse-gas emissions, 60% of coal use and 36% of natural gas use. Understanding changes in the power sector is therefore essential to analysing progress towards environmental goals and understanding global energy trends.

The objectives of the WEO’s focus on electricity will include:

– Assessing the long-term outlook for electricity demand, with insights on traditional and new sources of demand growth such as electric vehicles, digitalization, cooling and energy access in developing countries, and the emerging need for responsive demand.

– Providing in-depth analysis of the speed of the transition underway in electricity supply – highlighting global issues and regional perspectives – based on the latest market data, technology developments and government policies.

– Investigating the implications on electricity security, environmental protection and economic development, with insights on market designs.

– Exploring key uncertainties, resulting from the pace of deployment for new technologies, market and policy developments, and changing consumer preferences.

In addition, this year’s WEO will also have a focus on oil and gas producing economies.

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Development

World Bank Supports Cabo Verde to Build a Sustainable and Equitable Recovery

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The World Bank approved a $30 million Development Policy Financing Operation on December 6 to support the Government’s efforts to strengthen policies for a sustainable, equitable, and greener recovery from the COVID-19 crisis in Cabo Verde.

As Cabo Verde is recovering from the largest economic contraction in history and leveraging the moment to embark in an ambitious reform agenda, this operation supports policy action to lay the foundations for economic recovery by reducing fiscal risks and improving debt transparency, strengthening the resilience of poor and vulnerable households, particularly women, and enabling a sustainable private sector-led recovery,” says Nathan Belete, World Bank Country Director for Cabo Verde.

This operation, the first in a series of two, is closely aligned with the priorities the Government outlined in its recovery strategy, Cabo Verde Ambição 2030.

The program supports reforms to reduce fiscal risks and improve debt transparency by strengthening fiscal risk management and improving the quality, frequency, and coverage of public debt reporting, including from State-Owned Enterprises. It also builds on the COVID-19 response program to strengthen the social protection system to enable a faster and better targeted response to external shocks. Finally, the operation promotes socially and environmentally responsible private investment in tourism, aquaculture, and tourism.

In sum, the program of reforms supported by the operation is expected to have positive effects on poverty, positive social and environmental impact, and increase the resilience of the economy to external shocks.

The World Bank supports Cabo Verde through 9 national IDA/IBRD projects for a   net commitment of $186 million, one regional project for an amount of $15 million along with a comprehensive program of analytical services. These activities contribute to the country’s overall economic growth and development through the implementation of economic reforms related to transport, governance, private sector development, tourism competitiveness and diversification, social and productive inclusion, debt management capacity, human development, and digital transformation.

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Africa Today

Sahel Leaders Commit to Ambitious Reforms to Support Access to Quality Education

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The summit on education in the Sahel under the theme of “Shaping the Sahel’s future in today’s schools,” just concluded today. The summit brought together President Mohamed Ould Ghazouani of the Islamic Republic of Mauritania, President Mohamed Bazoum of Niger, heads of delegations of the Sahel and the Vice President of the World Bank for West and Central Africa.

At the end of the meeting, the leaders of the Sahel countries committed in a joint declaration to deepen reforms for quality education in the region. The “Nouakchott Declaration” identifies three fundamental objectives: improving the quality of learning, increasing girls’ participation in secondary education, and strengthening the basic skills and literacy of young adults who have left school.

« I am going to work with urgency in rebuilding our educational system. The objective is to make the school a republican school as a place for integration of future generations, building strength and confidence to the youth. A youth that will be able to count its competences and assert citizen’s values to strengthen the state and society. Training in areas related to promising economic sectors will be a priority for young people, » said President Mohamed Ould Ghazouani of the Islamic Republic of Mauritania.

A well-performing education system increases productivity and employment, leading to better health outcomes, well-functioning public institutions, and the preservation of peace. Over the past fifteen years, Sahelian countries have made significant progress by nearly doubling primary school enrollment and tripling secondary school enrollment. However, Sahelian countries still face many challenges in order to provide universal access to education and quality instruction to all of its youth.

« We are in a vicious circle. The more children we have, the less we are able to educate them, the less we educate them, the more children they will make in turn. In our social and economic context, these are driving factors for delays in development and growth, » said President Mohamed Bazoum of the Republic of Niger.

Knowing how important it is to tackle head on the challenges of promoting universal access to quality education, the Sahel delegations meeting in Nouakchott defined a roadmap to better prioritize and coordinate policies and investments in education over the next ten years.

« Given the urgency of addressing the challenges of the education systems in the Sahel countries, we will intensify our support to the sector as a whole with a particular focus on equitable access to education and learning improvement. International experience shows that if reforms are implemented in a coordinated and inclusive manner, success is possible, » said Ousmane Diagana, Vice President of the World Bank for West and Central Africa.

Sahel leaders called for a long-term political commitment around three key gamechangers:

  • Prioritize action and funding around measurable targets for reducing learning poverty, promoting increased participation of girls in secondary education, and strengthening basic skills and literacy among young adults who have left school;
  • Improve teachers’ recruitment, training, and deployment, while participating in international programs for periodic assessment of academic learning and other types of learning outcomes;
  • Increase the share of education in public expenditure and gross domestic product to reach the Sub-Saharan African average by 2030, while striving to improve the efficiency and quality of spending.

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Finance

5 Resume Website Mistakes to Avoid

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First impressions are crucial, and a poorly designed personal website can put employers off. Sadly, too many candidates fall prey to pitfalls like information overload or poor grammar. These mistakes have far-reaching implications for your career. Discover the biggest errors to avoid in 2022.

1.      Overwhelming Layout

The common wisdom is that a resume should fit on one A4 page. When you build a resume website, this approach could result in a cluttered look. The format gives more freedom and room to play with. Even a one-page web template is more spacious than a sheet of paper!

Highlight your experience and education on different pages or choose a timeline layout. Separate sections and elements with the right amount of whitespace. Make sure the website does not look overwhelming.

2.      Typos and Grammar Mistakes

Any errors, intentional or unintentional, make you look bad in the eyes of potential employers. Visitors may conclude that you could not be bothered to proofread your own text. To find mistakes, use an online checker, read each page out loud or try reading the content backward. If grammar is not your strength, ask someone else to proofread the content before marketing it.

3.      Poor Image Quality

Any photos or screenshots of your work must be big enough so users understand what each image is about. However, file size also matters — if the items are too big for the web, they will slow down your website. Generally, JPEG is preferable for photos, while PNG is best for screenshots that require transparency (for example, logos or images with special effects).

Include a professional headshot. If you cannot afford it, ask someone to take your picture against a neutral background, or use a selfie timer and a tripod. You could also create a unique personal photo that strengthens your brand — for example, by using specific colors.

4.      Too Much or Too Little Information

Do not omit vital information (e.g., successful projects) for the sake of brevity. A virtual resume lets you showcase all major accomplishments. If you do lack experience but have participated in volunteer projects or internships, these are worth including. Links to published works add credibility.

The need for detail does not justify information about color preferences, favorite coffee, or pets. Personal details must highlight qualities that will help you get ahead in your career. Focus on showcasing the best work and let it speak for itself. Employers are not interested in the evolution of your skills, they want the best results now.

5.      Unresponsive Theme

Finally, remember that potential employers will probably open your website from mobile devices. Make sure they will be able to view all content and navigate the pages smoothly. Nobody wants to spend time zooming in and scrolling in all possible directions to find the necessary information.

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