Thursday, November 21

Opinion

transition finance
  • Transition finance is funding dedicated to decarbonizing hard-to-abate and emissions-intensive sectors, such as steel and cement manufacturing.
  • Companies in these sectors must prepare for an orderly transition, as failure to act will bring immense risk in a decarbonizing world economy.
  • Nurturing a thriving transition finance market is critical to mitigating systemic economic and financial risks.

The transition finance market provides a unique opportunity for Africa to leapfrog to low-carbon technologies and business models, which will address climate risks and enhance the continent’s global competitiveness.

Though lacking a universal definition, transition finance refers to funding dedicated to decarbonizing hard-to-abate and emissions-intensive sectors, such as steel and cement manufacturing.

It is key to overcoming financial barriers to sustainability in the industries essential for economic development yet major contributors to greenhouse gas emissions. Companies in these sectors must prepare for an orderly transition, as failure to act will bring immense risk in a …

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Mpox Africa
  • WHO’s move aims to galvanize a coordinated international response to contain and mitigate the spread of mpox.
  • An uptick in cases, especially in Burundi, Kenya, Uganda, and Rwanda, along with sporadic cases in Europe, prompted the WHO’s emergency declaration.
  • Despite these concerns, mpox is not likely to evolve into a pandemic akin to COVID-19.

Last week, the World Health Organization (WHO) declared mpox (formerly known as monkeypox) a Public Health Emergency of International Concern. This decision underscores the escalating threat posed by the virus, which surged globally in 2022 but has since seen a troubling resurgence, particularly in Africa. The WHO’s move aims to galvanize a coordinated international response to contain and mitigate the spread of mpox, a virus with significant public health implications.

Mpox, a member of the same viral family as smallpox, is a rare but severe infection. It manifests through symptoms akin to chickenpox, including fevers, swollen …

renewable energy africa
  • Existing scientific research in Africa’s renewable energy transition often overlooks certain dispatchable technologies that could enhance grid flexibility.
  • Studies primarily focus on zero-carbon dispatchable technologies like concentrated solar power and geothermal, despite their limitations in efficiency, reliability, and cost.
  • Balancing engine power plants, which are globally recognized for their flexibility, reliability, and cost-effectiveness, are notably absent in these analyses, despite their potential to run on clean fuels in the future.

It is no longer disputed that solar and wind power will be the foundation of Africa’s future energy systems. They are perfectly suited to the continent’s unique conditions and are already the most cost-competitive power option in almost all cases. This consensus spans academia, businesses, and policymakers who all recognize the potential of renewable energy to meet Africa’s growing needs sustainably.

They also readily acknowledge the intermittent nature of renewables, and the associated need for flexible power capacity within the …

energy costs
  • In Africa, just like elsewhere, energy-intensive businesses are under great pressure to decrease CO2 emissions.
  • Wärtsilä Energy knows more about this than most: many of our mining and industrial partners in Africa operate their microgrids, either from choice or necessity.
  • While wind and solar power can offer emission-free energy at lower costs than fossil fuels, their intermittent nature adds uncertainty to the system.

In African countries, particularly those with a well-developed industrial sector, a significant portion of energy production may come from the industry’s own power plants.

This is especially true in countries with low grid reliability, and industries rely on self-generated power to ensure a stable energy supply.

In this article, we offer insights into Wärtsilä Energy’s approach to supporting energy-intensive industries to optimise the use of renewable energy and reach their decarbonisation objectives.

In Africa, just like elsewhere, energy-intensive businesses are under great pressure to decrease CO2 emissions …

food security climate change agriculture
  • Food security is increasingly under threat as extreme weather events, shifting agro-ecological zones and changes in rainfall patterns accelerate the risk of food insecurity.
  • In response to the challenges posed by climate change, various adaptation measures have been identified and implemented.
  • These aim to improve livelihoods and enhance food security while mitigating the impact of climate change.

Climate change is an undeniable reality, and its consequences have far-reaching effects on various sectors, particularly agriculture and food security. RSK Tanzania Senior Social Consultant Geofrey Mutayoba says developing countries are particularly vulnerable to the impacts of climate change, as their economies heavily rely on agriculture. However, innovative adaptation measures are being introduced that are yielding benefits that go beyond climate resilience.

Food security is increasingly under threat as extreme weather events, shifting agro-ecological zones and changes in rainfall patterns accelerate the risk of food insecurity. Developing countries face significant challenges in providing …

Artificial Intelligence
  • AI allows photographers to transform their photos with just a few adjustments, enhancing colours, recovering details, and creating vibrant images that truly capture the magic of the moment.
  • AI-powered editing tools excel in removing unwanted elements, sharpening details, and reducing image noise, making them invaluable aids in producing impeccable photographs.

From the emergence of text-based diffusion models that can bring images to life with just a description, to the remarkable capabilities of advanced artificial intelligence (AI) image generators, the boundaries of what we can achieve in photography are expanding like never before.

Just few years ago, a professional photographer would spend more time on the photo editing process than on the photoshoot itself. Hours and hours were spent behind a computer, ensuring that each image reflected the essence of what the photographer intended. The colours, the focus, the details – all these elements took time to perfect.

AI-powered photography editing

Africa's natural gas
  • Africa’s natural gas sector stands poised to prepare the entire continent for eventual decarbonization, as do many of the companies operating here.
  • Energy companies are describing policies that call for pursuing energy transition measures for tomorrow while providing the natural gas to power the world today.
  • Africa continues to hold immense natural gas potential and is positioned to not only increase its outputs but also capitalize on the underserved LNG market and meet Europe’s ongoing demand.

The recently signed liquefied natural gas (LNG) development project in South Africa’s Mpumalanga province is a promising step on the long road to Africa’s just energy transition.

The project, being jointly developed by Kinetic Energy of Australia and the Industrial Corporation of South Africa (IDC), a national development finance institution, will capitalize on Kinetic Energy’s recent 3.1 billion cubic feet natural gas discovery in Amersfoort, Mpumalanga. The project is expected to produce 50 megawatts …

fossil fuels
  • The final agreement of the Dubai climate summit mentions for the first time a transition “away from fossil fuels.”
  • This is certainly a step on the right path, but that remains far too insufficient to respond to the urgency and severity of the climate crisis, particularly for vulnerable countries.
  • For millions of Africans, the climate crisis affects every aspect of life, from food and housing to access to clean water and clean energy.

World leaders have finally reached an agreement that the world must abandon fossil fuels to prevent catastrophic climate change, following 30 years of intense and painful negotiations.

This concession was achieved in response to the outcry caused by the previous draft, which did not explicitly acknowledge the necessity of transitioning away from fossil fuels.

Although some hail the Global Stocktake as ‘historic,’ it does not clearly signal an “exit” from oil, gas, and coal, as the …

critical minerals cobalt
  • Africa holds more than half of the world’s reserves of cobalt, 46% of its manganese, and 21% of its graphite, all used in EV batteries, and about a quarter of its bauxite, which is required for solar photovoltaic technologies.
  • For decades, Africa has allowed her raw materials, including oil and natural gas, to be exported raw, without a chance to benefit from the finished product.
  • As a result, we’ve missed out on the job creation, industrialization, and economic diversification.

To meet their green agendas, the European Union, US, and China are engaged in the modern-day equivalent of a gold rush. This time, though, fortune seekers aren’t panning for shiny nuggets in Canada, America, or Australia. Instead, all eyes are on the critical minerals of Africa—cobalt, graphite, lithium, and others—raw materials essential to the production of clean technology, including electric vehicles (EV).

To say that Africa is generously endowed in this …

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