Africa is facing a tripartite problem that often require access to foreign funds. But Official Development Assistance flows from developed to developing often come with a caveat – donors often express how their concessional loans must be spent, such as on a specific climate project. But such preference sometimes conflicts with national priorities. This often leaves politicians choices between implementing policies for international agreements, such as for the Paris Accord, which requires climate mitigation and adaptation projects, and fostering economic and social development. Considering the centrality of energy in the history of human development, Michael Davies-Venn argues that capitalizing on the continent’s unique opportunities for renewable energies provides an added benefit by complementing decarbonization gains being made in other regions, but that this requires coordination between donors and recipients.
All posts tagged: funding
Four transformations for Ukraine to become a new green powerhouse of Europe
In the past six months people of Ukraine have shown to the world a great example of resilience, ingenuity, and bravery by successfully pushing back against the full-scale military invasion unleashed by Russia. With broad international support Ukraine is now set to take over the aggressor and regain its territorial integrity. But an even bigger non-military battle lies ahead for Ukraine – the battle for energy independence and long-term economic prosperity. Amory Bloch Lovins and Svitlana Romanko explain.
Pink and grey with just a hint of green: Biden’s “cleaner” Hydrogen plan
Over the summer, the US Senate passed a much smaller than promised infrastructure package. Despite most climate protection and clean energy aspects being stripped out, one of the big winners in the $1 trillion infrastructure plan is hydrogen (H2). In a provision originally introduced as a separate bill by fossil-rich West Virginia Senator Joe Manchin, some $8 billion will go to fund dozens of “clean hydrogen” projects including the creation of four new regional integrated H2 hubs. Hailed by President Joe Biden as a key tool to tackling the growing climate crisis, almost all energy funding in the bill will go to advancing “grey” H2 production from fossil gas as well as “pink” H2 generated by increasingly marginalized nuclear plants – throwing a lifeline to both sectors while ensuring little overall emissions reduction. In the next part of a longer series, lead blogger and podcaster Michael Buchsbaum reviews America’s murky steps into the increasingly over-hyped H2 solution.