World Resources Institute’s Post

🌏💡Stretching from Pakistan to the Philippines, South & Southeast Asia is home to over a quarter of the world's population and has one of the fastest-growing energy demands globally. However, renewable energy isn't scaling quickly enough to keep up. And the region is feeling the effects with intense heat waves and floods. Overcoming barriers to #CleanEnergy investment is crucial - multilateral development banks can play a vital role in overcoming barriers and catalyzing the clean #EnergyTransition. Learn how: https://bit.ly/4eT7xeP

🌏💡Stretching from Pakistan to the Philippines, South & Southeast Asia is home to over a quarter of the world's population and has one of the fastest-growing energy demands globally. However, renewable energy isn't scaling quickly enough to keep up. And the region is feeling the effects with intense heat waves and floods. Overcoming barriers to #CleanEnergy investment is crucial - multilateral development banks can play a vital role in overcoming barriers and catalyzing the clean #EnergyTransition. Learn how: https://bit.ly/4eT7xeP

📣📰New Op-Ed from #IAP's Alessandro Ramazzotti, Vaishnavi Varadarajan, and Anggita Indari in Mongabay: "Multilateral development banks must prioritize clean & community-led energy projects." We believe that to achieve a just #energy transition, Multilateral Development Banks and governments must prioritize sustainable renewable energy models that empower communities and ensure inclusive energy access. Read more➡️ https://lnkd.in/g6tDYTVM

European decision makers will this week and next hear directly from experts from India, Indonesia and Pakistan on the real impacts of multilateral banks investments in energy, as experienced by affected. They will her that 'better banking' means more accountable banking, with communities at the centre.

🌍🤝Global Renewables Alliance and The African Climate Foundation are joining forces to put a proposal on the table, where African countries identify key industrial growth sectors and end-use products for export (and domestic consumption) produced using renewable energy, as a means of responding to risks posed by CBAM through offtake commitments from large multinational companies and governments in the Global North for these ‘green products’. This event gathers African governments, the renewable energy industry and the international financial community to debunk the false narrative that Africa cannot industrialise using its immense renewable energy resources. Attending the Africa Climate Summit 2023? Join us for an insightful discussion! #ACS23 #africaclimatesummit23 #RenewablesNow

#Africa’s #energy #transition needs to be managed in #partnership between Africa’s energy #stakeholders in a way that benefits all of its #people. This will require #collaboration across the #public and #privatesector, between #financialinstitutions and between African #governments. This message of #continental #solidarity was a key #theme emerging from a #highpowered #paneldiscussion on the eve of Africa Oil Week.

I wouldn't join in JPM's criticism of renewable #energy, but the point here is that #gas is and will remain a major driver of decarbonisation through replacing more pollutive fuels such as coal and fuel oil. In a more challenging monetary environment the $tr necessary to replace molecules with electrons needs innovative policy, however gas is and will remain a vital component of the energy mix across the world - especially in terms of #energysecurity where domestic production is possible, and industrial capacity and connected socio-economic value.

⚡🌍 The African Energy Bank (AEB) offers a new vision for Africa's energy future, aiming to close the funding gap for oil & gas while steering the continent towards sustainable growth. As climate challenges loom large, can the AEB balance economic needs with environmental goals? Learn more about Africa's path to energy independence in a changing world. #AfricanEnergy #SustainableGrowth #ClimateAction #Oil #Gas

NOW ONGOING: POLICY AND REGULATORY FRAMEWORKS FOR AFRICA’S ENERGY TRANSITION The upcoming session will discuss the future policy and regulatory frameworks for Africa's energy transition, focusing on challenges and opportunities in creating a conducive environment for clean and sustainable energy systems. Policymakers, regulators, industry leaders, and legal experts will explore how African countries are developing effective policies to address the continent's energy crisis, encourage renewable energy sources, and align with global net-zero commitments. Attendees can expect insights into successful policy implementations in countries like Egypt, Kenya, Ghana, South Africa, Nigeria, and Morocco, providing a roadmap for a smoother transition to cleaner energy sources. There is still time to book your delegate pass to join the remainder of the EGYPES 2024 Strategic Conference program. Visit https://bit.ly/453W5ra to register. RASHID ABDALLAH; African Energy Commission of the African Union, Joyce Kisamo, Zakaria DOSSO, Jaime Luzolo; Azule Energy , Mickael Vogel; Hawilti #EgyptEnergyShow #EnergyTransition #EnergySecurity #Decarbonisation #EGYPES #EGYPES2024

Interesting perspective from JP Morgan in the FT on demand for hydrocarbons continuing to grow as #energy access and #energysecurity remain the primary drivers in the #energytrilmma – especially against a challenging global macroeconomic / monetary dynamic. We would raise another vital issue: the role of #gas in the transition. As we saw at COP, where we joined a number of landmark energy & industrial #decarbonisation agreements; the role of gas both displacing more pollutive fuels and providing energy access, security & affordability is is a vital driver in a just transition. Energean has been a positive driver in the East and now Greater Mediterranean region’s #energytransition story, since we made the choice to transition ourselves to become a natural #gas and #ESG focused company. Israel, Egypt and Morocco understand the value of domestically produced #gas as a foundation of energy security and a driver of the transition. Italy’s energy market reforms show the way forwards. We hope that other sovereign states will learn from these examples and embed gas as a major component of energy policy. Paddy Blewer Antonino Caliri Eliana Fishler Caroline Hegazi, MBA Sotiris Chiotakis https://on.ft.com/3VYATRU