Rising interest rates are casting a shadow over the booming renewable energy sector. Analysts warn that higher borrowing costs could slow the transition to clean energy sources, jeopardizing international climate goals. The industry is exploring solutions like alternative financing and cost optimization to weather this challenge.
fossil fuels
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Plans are underway to launch a new Africa Energy Bank this year, signaling a strategic focus on fossil fuel investment across the continent. The initiative comes amid growing demand for…
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The European Union (EU) has reached a compromise to quit a controversial energy treaty that could hamper its climate goals. The EU will first support reforms to the treaty, which…
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Oil and gas giants are paying out more money than ever to shareholders, but that’s not enough to restore their appeal in a world shifting to cleaner energy sources. The…
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Energy TransitionIn the News
African Scientists and Youth Urge Leaders to Reject Fossil Fuels at COP28
A group of nearly 50 scientists and over 2000 youth from 30 African countries have written an open letter to African heads of state and governments, urging them to reject…