Proshare Limited, one of Nigeria’s leading investment consulting firms, has described the sustained investments by FCMB Group in renewable energy as vital to the current drive by the Federal Government to achieve net zero carbon emissions in the country by year 2060. In a Note issued on Monday, the firm’s analysts noted that the group […]
The African Development Bank’s (AfDB’s) Acting Chief Economist and Vice President, Prof. Kevin Urama, has said that Africa is losing between five percent to 15 percent of its Gross Domestic Product (GDP) per capita growth to climate change and its negative impacts on the countries in the continent. Urama, was quoted in a statement posted […]
The World Bank Group has disclosed that it committed the sum of $31.7 billion this financial year (FY2022) to help countries address climate change challenges. The Washington D.C-based multilateral finance institution in a statement hoisted on its website on Thursday indicated that the amount represented a 19 percent increase over the $26.6 billion financing by […]
European Investment Bank (EIB) has expressed its readiness to collaborate with African governments on accelerating climate adaptation in the continent. The EIB President, Werner Hoyer, made the promise at the Africa Adaptation Summit, the first-ever global summit to focus solely on accelerating climate adaptation in Africa organized by the Global Center on Adaptation (GCA), in […]
The President of African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has projected that Africa would require between $100 billion to $127 billion yearly between now and year 2030 to bridge climate change financing gap in the continent. The AfDB President, who gave these figures on Monday in his paper delivered at the Africa Climate […]
South Africa-based renewable energy company, WiSolar, has announced the launch of WiGo, its hybrid prepaid solar electricity platform for Nigeria and South Africa as part of its drive to provide environment-friendly electricity to millions of consumers in the two largest African economies. Through the green digital utility platform, WiSolar simplifies the delivery of solar electricity […]
South Africa-based renewable energy company, WiSolar, has announced the launch of WiGo, its hybrid prepaid solar electricity platform for Nigeria and South Africa as part of its drive to provide environment-friendly electricity to millions of consumers in the two largest African economies. Through the green digital utility platform, WiSolar simplifies the delivery of solar electricity […]
Data from insurance and reinsurance broker Aon finds that globally, insured losses from natural disaster events totalled $39 billion in the first half of 2022, which is roughly 18% above the 21st century average. According to a news report by Reinsurance News, in contrast to the above average volume of catastrophe losses experienced in the […]
The Nigerian Communications Commission (NCC), the telecom industry regulatory commission, has released a new ‘Guidelines on Technical Specifications’ for the Deployment of Infrastructure in the Communication Sector in Nigeria’ as part of its regulatory initiatives to protect people living around such towers from emission hazards and protect the environment. The commission, in the latest guideline, […]
….says globally 2.4bn people still cook with carbon-emission fuels The World Bank has in its just published ‘Tracking SDG 7: The Energy Progress Report, 2022’ edition indicated that the impact of the COVID-19 pandemic remained one of the key factors slowing progress in global collective initiatives targeted at achieving universal energy access. The Bretton Woods […]