Connect with us

Energy News

African Union and IRENA to Advance Renewables in Response to COVID-19

Avatar photo

Published

on

The African Union Commission (AUC) and the International Renewable Energy Agency (IRENA) have agreed to work closely to advance renewable energy across the continent to bolster Africa’s response to Covid-19. The two organisations will focus on innovative solutions to drive the development of renewable energy including decentralised systems, and to increase access to energy across the continent.

The cooperation aims to bolster Africa’s response to the pandemic by, inter alia, improving the ability of rural health centres and communities to deal with the health challenge using renewable energy to power critical services such as medical equipment and water pumping for improving hygiene.

Africa is home to more than two thirds of the world’s least developed countries and 600 million people currently live without access to modern energy services. Paradoxically, Africa possesses vast renewable energy potential that could cover nearly a quarter of its energy needs through indigenous renewable energy by 2030. The deployment of renewables-based solutions is, therefore, central to the achievement of universal access and a key enabler for the attainment of the aspirations of the AU Agenda 2063 as well as achievement of the UN Agenda 2030 on Sustainable Development. The two organisations will collaborate to make this possible.

During a virtual discussion, H.E. Dr. Amani Abou-Zeid, Commissioner for Infrastructure and Energy of the African Union Commission and Francesco La Camera, Director-General of IRENA agreed that a concerted and coordinated response is essential to address the energy related response to COVID-19 and noted that renewable energy offers the most plausible and sustainable response, which will continue to uplift the quality of life for millions of Africans long after the pandemic.

H.E. Dr. Amani Abou-Zeid said “The COVID-19 pandemic has shown that energy is critical for all spheres of life and is now proving to be a matter of survival.  The African Union Commission has made major strides to advance energy development in Africa through various programmes and partnerships.  It is now even more urgent to fast track energy access efforts on the continent”.

The Commissioner went on to say, “It is time to use Africa’s enormous renewable energy resources for the benefit of the African people in response to the coronavirus pandemic.” She called upon IRENA and AU to work together to mobilise international support, including the private sector, to provide electricity to health facilities and associated services for fighting the pandemic in Africa, especially the rural and peri-urban areas.  “It is critical that the vulnerable in society, especially women and girls, are specifically targeted in these efforts”, she added.

On his part, the IRENA Director-General Francesco La Camera said “Renewable energy can cost-effectively supply the critical power needed in Africa’s rural communities to supply health centres, facilitate the provision of clean water, support agriculture and facilitate other productive sectors.  Such measures are critical to the continent’s ability to deal with the pandemic.”

“Our response to this crisis must also promote long-term sustainable development and support for the achievement of NDCs,” continued Mr. La Camera. “The deployment of renewables is therefore a foresighted strategy to ensure a resilient future, in which no one is left behind.”

The collaboration between the AU and IRENA complements ongoing AU programmes, which include the Africa Bioenergy Policy Framework and Guidelines; Renewable energy in African island states; Development of small hydropower potential in Africa; Geothermal Risk Mitigation Facility; and the Programme for Infrastructure Development in Africa (PIDA) as well as the Strategy for integrated approach for provision of basic infrastructure in rural and remote areas of Africa.  This is in addition to other African initiatives such as Desert to Power, Coalition for Sustainable Energy Access, and the Africa Renewable Energy Initiative (AREI) – an Africa owned and led drive to scale up renewable energy – consolidating efforts from the international community to address the needs of African countries. 

The AU and IRENA will also collaborate in the context of IRENA’s Clean Energy Corridors initiatives in East, West and Southern Africa focused on advancing the deployment of renewables through the creation of larger and more robust power markets encouraging cross-border trade of renewable power.

These commitments build on existing cooperation between the AU and IRENA to strengthen the enabling environment for low-carbon, climate-resilient renewable energy investment as the continent seeks to raise its renewable energy ambition.

Continue Reading
Comments

Energy News

Accelerating private sector investment in large-scale Renewable Energy

Avatar photo

Published

on

Following its 2020 edition, the Economic Policy Dialogue series (EPD) is back with six new sessions that will run until June 2023. Organized by the United Nations Development Programme (UNDP) and the World Bank Group in Tunisia through TERI Trust Fund, these monthly meetings aim to bring together relevant key stakeholders to create a space for constructive, inclusive, and transparent debate, allowing to collectively address the challenges of economic and social reforms facing the country.

The six EPD sessions are organized to foster dialogue on structural reforms and collectively identify practical and operational solutions to facilitate the implementation of reforms needed to address economic and social challenges as well as economic and development priorities.

The first session will be held on Thursday, 24 November 2022, and will focus on “Accelerating private sector investment in large-scale renewable energy.” Through a frank and direct debate, this dialogue session will aim to propose solutions to accelerate the realization of large-scale renewable energy projects, find ways to overcome the identified barriers and propose innovative mechanisms for a win-win partnership to regain investor confidence and catalyze the development of these projects. Accelerating the implementation of these projects is the only way to reduce the energy deficit and contribute to achieving energy transition objectives: energy security, economic competitiveness, social equity, and climate action.

Tunisia’s interests in the energy transition are evident given the country’s increasing energy demand (1.5% per year) and the worsening of the energy deficit. All the while, the country remains, despite the adoption of several forward-looking laws, far from the objectives it had set itself – namely, 30% of renewable energy in the energy mix in 2030.

At the end of each session, proposed in a participatory format, recommendations will be formulated to initiate and fuel reflection on possible national socio-economic reforms. These reforms aim to improve access to regional development, youth employability, and economic and financial inclusion within the Sustainable Development Goals (SDGs) framework.

Continue Reading

Energy News

World Bank Group Announces International Low-Carbon Hydrogen Partnership

Avatar photo

Published

on

Today, on Energy Day at COP27, the World Bank Group announced the creation of the Hydrogen for Development Partnership (H4D), a new global initiative to boost the deployment of low-carbon hydrogen in developing countries.

H4D will help catalyze significant financing for hydrogen investments in the next few years, both from public and private sources. The partnership will foster capacity building and regulatory solutions, business models, and technologies toward the roll out of low-carbon hydrogen in developing countries.   Through H4D, developing countries will gain further access to concessional financing and technical assistance to scale up hydrogen projects. 

“Low-carbon hydrogen can have a significant role in countries seeking to accelerate their clean energy transition,” said David Malpass, President of the World Bank Group. “Our new hydrogen partnership will enable developing countries to prepare low-carbon hydrogen projects and boost energy security and resilience for their people while lowering emissions.”

Low-carbon hydrogen offers a solution to decarbonize heavy industries that produce more than 25 percent of global CO2 emissions, for which there is presently no viable alternative to fossil fuels. Low-cost, low-carbon hydrogen fuel can become a viable replacement for diesel in transportation. Hydrogen also has the potential to provide long-term energy storage options and bolster the reliability of renewable energies with variable outputs, like solar photovoltaics and wind.

For low- and middle-income countries, low-carbon hydrogen has the potential to generate export revenues, creating a value-added export sector that generates jobs for skilled labor and helps promote food security, since hydrogen can be used to produce ammonia, a key component of fertilizers.  It can also generate energy capacity to meet local needs, including decarbonizing in-country manufacturing and smelting sectors, and provide energy access to remote populations.

The main activities of the H4D partnership, to be hosted in the Energy Sector Management Assistance Program (ESMAP) of the World Bank, will include:

  • Convening international cooperation to increase the knowledge base in low-carbon hydrogen technologies for developing countries.
  •  Building capacities by following a global public goods approach.
  • Understanding requirements from emerging markets and the private sector for the deployment of low-carbon hydrogen and its derivatives.
  • Creating opportunities to inform innovation and for new technologies to gain visibility.
  • Generating policy dialogue on enabling the deployment of low-carbon hydrogen across countries.
  • Fostering collaboration with private sector partners for clean hydrogen projects.
Continue Reading

Energy News

EU leaders accuse US natural gas producers of profiteering

Avatar photo

Published

on

European leaders are unhappy with natural gas prices. Some leaders are insisting that the EU impose a price cap on all natural gas imports, regardless of origin, – notes Oilprice.com.

France’s president Emmanuel Macron accused the United States of a “double standard” because of the difference between the price at which liquefied natural gas produced in the U.S. sells in Europe and the price at which natural gas sells within the U.S.

“The North American economy is making choices for the sake of attractiveness, which I respect, but they create a double standard,” Macron said, also adding that “they allow state aid going to up to 80% on some sectors while it’s banned here – you get a double standard.”

He wasn’t alone among European national leaders in being unhappy about gas prices. In fact, as many as 15 leaders were unhappy, and they insisted that the EU imposes a price cap on all natural gas imports, regardless of origin.

Now, the U.S. is striking back at the accusations.

“What’s happening is the companies that hold those long-term contracts with US LNG producers, they’re marking that up and earning that margin in the European market,” Brian Crabtree, an assistant secretary at the Department of Energy, – told the Financial Times. “It’s not the US LNG company, it’s basically European-headquartered international oil companies and traders.”

Indeed, producers of liquefied natural gas do not invariably sell their product directly to the consumer, in the face of a country in Europe, for instance, They work with commodity majors such as Vitol and Trafigura, or the supermajors, including BP and Shell.

This is not to say that LNG producers are not benefiting from the much stronger demand for LNG from Europe. And this is exactly the reason they have been benefiting, in the form of higher profits: demand has surged, and when demand surges, prices follow, especially if supply is not growing as fast as demand.

In other words, Europe seems to want businesses to not act as businesses and take every opportunity to make a profit, which is what businesses are all about.

Be that as it may, a Ministry of Energy analyst, told the FT that the U.S. was committed to helping Europe get enough gas “at a price that is affordable to the continent.” It’s hardly a surprise he did not go into detail on how this affordable price would be achieved.

…This is a free market, isn’t it?

International Affairs

Continue Reading

Publications

Latest

Energy42 mins ago

Analyzing China Solar Energy for Poverty Alleviation (SEPAP) Program

In 2014, China deployed a large-scale initiative named as Solar Energy Poverty Alleviation Program (SEPAP) to systematically alleviate poverty in...

Europe3 hours ago

Significance of first EU-Bangladesh political dialogue

The European Union (EU) and Bangladesh held their first “political dialogue” on Thursday (November 24) in Dhaka to “elevate” their...

Energy6 hours ago

USA-KSA Energy War and Global Energy Crisis

The response of the USA to OPEC and its partner’s plan to reduce output by two million barrels per day...

Eastern Europe11 hours ago

Is a Marshall Plan for Ukraine possible?

Reflecting on Ukraine’s future beyond the current conflict, many politicians and experts speculate about the expediency of a new Marshall...

International Law14 hours ago

Why International Institutions Survive: An Afterword to the G20 Summit

We, of course, are extremely critical of the very idea of global institutions and the prospects for their survival amid the emergence of a qualitatively...

Terrorism Terrorism
Defense16 hours ago

America Produces Biological Weapons; Does Russia? Does China?

On November 26th, Russia’s RT News bannered “US ‘military biological activities’ a threat to the world – Russia”, and reported...

South Asia20 hours ago

The Taliban Finally Granted Permission to the Former President Karzai to leave Afghanistan

Based on the information, the former president of Afghanistan, Hamid Karzai, was permitted to leave the country. At a time,...

Trending