Creecy calls on rich countries to dramatically raise climate finance pledges from $100bn ‘floor’

Forestry, Fisheries and the Environment Minister Barbara Creecy has called on the developed countries to ensure access to long-term, predictable and affordable climate finance for developing countries. Creecy participated in a July Climate Ministerial meeting hosted in London, in the UK, this week by the United Nations Framework Convention on Climate Change COP26 president-designate, Alok Sharma.
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Adopting a 1.5°C pathway could accelerate universal energy access in Africa

Africa has a narrow window of opportunity to use its natural resource advantages and relatively low carbon emissions to attract the finance it needs to both accelerate a renewables-based energy transition that is supportive of a sub-1.5°C climate outcome and ensure universal energy access. This was the message of Dalberg Group executive director James Mwangi during an Africa Renewable Energy Dialogue this week, convened by the International Renewable Energy Agency, United Nations (UN) High-level Climate Action Champions, the African Climate Foundation and the UN Economic Commission for Africa.
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Fund lends €25m to Côte d’Ivoire clean energy hydropower project

The Emerging Africa Infrastructure Fund (EAIF), owned by the Private Infrastructure Development Group, is lending €25-million over 18 years to Ivoire Hydro Energy (IHE), which will build a 44 MW hydroelectric plant on the Bandama river near the village of Singrobo, in Côte d’Ivoire. Financial close on the €174-million project is expected in the third quarter of this year. Construction will take about 36 months.
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Sturdee Energy signs two PPAs for Botswana renewable energy projects

Independent power producer Sturdee energy has entered into two power purchase agreements (PPAs) with the Botswana Power Corporation (BPC) for two renewable energy IPP projects. The projects, located in Bobonong and Shakawe, will have an installed capacity of 3 MW and 1 MW, respectively.
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