South Africa

bneGREEN: Most growth in power generation by 2050 will be solar and wind – BP

by Roberta Harrington in London February 1, 2023

Most growth in global power generation by 2050 will be solar and wind, according to oil supermajor BP’s annual benchmark report, the 2023 Energy Outlook.

bneGREEN: Renewable energy was a hot topic in Davos but for Europe, much work remains

by Roberta Harrington in London January 25, 2023

‘Cooperation in a fragmented world’ was the theme at the World Economic Forum in Davos, but Europe is still struggling to catch up with the cleantech policies of the US and China.

Russia’s Lavrov arrives in South Africa to continue Kremlin’s charm offensive

bne IntelliNews January 23, 2023

Russian Foreign Minister Sergey Lavrov arrived in South Africa on a working visit as the Kremlin continues its charm offensive, TASS reported on January 23.

bneGREEN: Patent data show shift to green hydrogen gaining momentum

Richard Lockhart in Edinburgh January 11, 2023

Global hydrogen production is set to become greener, with patent data suggesting a shift towards a new wave of innovation and scientific development in electrolysis technology.

bneGREEN: Green transition is $10.3 trillion opportunity for the global economy by 2050, new report finds

by Roberta Harrington in London January 11, 2023

New green industries could be worth $10.3 trillion to the global economy by 2050, equivalent to 5.2% of global GDP that year, finds a new report by Arup and Oxford Economics.

NEMETHY: Key economic and financial drivers to watch in 2023

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors January 10, 2023

There is an old joke that the role of economic forecasters is to make astrologers look good. Forecasting GDP or inflation for the upcoming year with any degree of accuracy is virtually impossible, but there are some scary signs appearing.

bneGREEN: Record 2022 for coal threatens green targets

Richard Lockhart in Edinburgh January 6, 2023

World coal consumption reached a new high in 2022 before levelling out in 2023 and 2024, with rising usage in emerging Asian countries cancelling out falling demand in advanced economies.

The woman who discovered Jack Dorsey's new bitcoin bet in Africa first

bne IntelliNews December 21, 2022

In December the investment community took notice of Jack Dorsey’s most recent moves in Africa when his tech conglomerate Block, Inc. co-led a $2mn investment round into Gridless, a bitcoin mining company in Africa.

Apocalypse 2050: World on course for 15% GDP fall

Richard Lockhart in Edinburgh December 15, 2022

The world is set to see global GDP plummet by a catastrophic 15% by 2050 if current emissions trends are not reined in and global warming reaches 2.2°C by 2050.

Start of a new super cycle – fat and flat for 2023?

Ben Aris in Berlin December 15, 2022

The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.

IMF: Global food prices to remain elevated amid war, costly energy, La Niña.

Ervin Prifti . December 14, 2022

Interest rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer,

IMF: Riding the global debt rollercoaster

Vitor Gaspar Paulo Medas and Roberto Perrelli for the IMF December 13, 2022

Global debt remained above pre-pandemic levels in 2021 even after posting its steepest decline in 70 years, underscoring the challenges for policymakers.

NEMETHY: The case for gold today – again

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors December 12, 2022

In April 2021 gold was sitting around a price of $1,700; as of December 10, 2022 it is now approaching $1,800. Relative to just about every other asset class, this is not a bad performance.

bneGREEN: Renewables finally achieve turbocharged growth

Richard Lockhart in Edinburgh December 9, 2022

Solar is set to overtake coal as the world’s leading source of power supply by early 2025, the IEA said

bneGREEN: Climate paralysis at COP27 as no progress made on 1.5 degrees

Richard Lockhart in Edinburgh November 21, 2022

COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.

bneGREEN: COP27: Coal proves a stubborn foe in fight to save climate

Richard Lockhart in Edinburgh November 20, 2022

Reducing coal consumption is the central challenge to achieving the world’s climate targets, Fatih Birol, executive director of the International Energy Agency, told COP27.

bneGREEN: COP27: Africa lobbies to retain gas use despite pollution dangers

Richard Lockhart in Edinburgh November 20, 2022

African nations are lobbying to be allowed to use their natural gas reserves to lift up to 600mn people out of energy poverty and to connect them to modern electricity supplies.

bneGREEN: COP27 warns business cannot be trusted to police greenwashing

Richard Lockhart in Edinburgh November 18, 2022

The UN has identified greenwashing by business and finance as the biggest danger facing the race to net zero, urging them to avoid a toxic cover-up and to ensure that any climate pledges they keep are in line with the 1.5-degree targets.

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