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Browsing: Carbon footprint
The carbon credits market is gaining momentum as one of the lifeline sectors in a depressed global economy. African nations have been exploring this novel market as one way to offset their bulging debts and raise loans by selling carbon credits, thereby unlocking billions for climate finance and economic development in the continent.
Climate change has had disastrous consequences especially for African countries but seemingly, nature now has the potential of providing developing nations with an economic boost.
Most African economies have been hanging on by a thread, in the wake of the myriad existential challenges that have bombarded the continent in the recent past. From climate induced natural disasters, food insecurity, political instability, civil unrest to heavy indebtedness as the aftermath of the Covid-19 pandemic and the Russian-Ukraine war.
As the deleterious effects continue to reverberate across the continent, inflation rates have gone through the roof in many nations …
Heineken notes that this embedded grid-connected solar project incorporates single axis tracking technology that enables the panels to move with the rise and setting of the sun.
Single-axis tracking systems tilt on one axis, tracking the sun as it moves from east to west during the day.
A solar tracking system adjusts the position of a solar panel along an axis. This is done to ensure a small angle of incidence or the angle that sunlight hits a solar panel.…
The pursuit of a greener earth and universal reliance on renewable presents a unique dilemma for countries in Sub Saharan Africa which rely heavily on energy provided by coal, shale, and other fossil fuels but also their economic livelihoods depend on the black gold.
The elimination of coal and related energy sources would severely prejudice economies that constitute SSA which are still developing or emerging.
It is against this background that the outgoing Chief Executive of the largest coal miner on the JSE, who is also the President of the Minerals Council is on record for saying that African countries should be allowed to make the transition from fossil fuels to greener renewable energies at their own pace.…