Governments can align immediate economic stimulus needs with medium to long-term decarbonisation and sustainable development objectives by targeting policy measures and public spending towards the energy transformation, according to the International Renewable Energy Agency (IRENA)
Energy
Rainforest Alliance developing safe renewable energy to ensure smoke-free homes in Kenya
The Rainforest Alliance’s project to develop safe and accessible renewable energy sources is helping Kenya to conserve native forests and ensure healthier smoke-free homes
President Buhari asks government to jumpstart agreement with Siemens
President Muhammad Buhari had directed the Ministries of Power, the Finance Ministry and the Bureau of Public Enterprises (BPE) to commence with Siemens for the pre engineering and concessionary financing aspects of the Presidential Power Initiative (PPI)
Power sector spending to decrease by 10 per cent in 2020, says IEA
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency, according to the International Energy Agency (IEA)
‘COVID-19 crisis is hurting but not halting global renewable energy growth’
In 2020, the world is set to add 167GW of renewable power capacity this year, 13 per cent less than in 2019, according to the IEA’s Renewable Market Update report