South Africa
bneGREEN: Most growth in power generation by 2050 will be solar and wind – BP
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
‘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
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
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
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
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
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
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
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?
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.
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
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
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
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
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
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
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
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.
