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Climate finance will grow but huge challenges persist

Location:

INTERNATIONAL

Climate investment globally topped USD1tn last year but remains well short of the estimated USD8tn requirement. Most funding goes to developed economies and mitigation projects…

Uzbekistan will seek more Chinese investment

Location:

UZBEKISTAN

In late January, Uzbek President Shavkat Mirziyoyev paid a state visit to China to seek greater investment and trade opportunities. Mirziyoyev’s visit is the culmination of years…

Brazil renewables will gain priority amid challenges

Location:

BRAZIL

Brazil has one of the cleanest energy matrixes in the world by international standards. However, the production of oil and oil derivatives continues to grow, and the country is…

Green bond issuance will gradually grow in the Gulf

Location:

GULF STATES

Meanwhile, in the United Arab Emirates (UAE), a surge in green issuance from Emirati banks highlights the growth in a debt market that can help fund efforts to mitigate and adapt…

ASEAN-Australia relations will grow

Location:

ASEAN/AUSTRALIA

Besides a leaders’ plenary and retreat, there were events linked to four thematic tracks: business; climate and clean energy; maritime cooperation; and emerging leaders…

Bahrain's energy transition will be slow

Location:

BAHRAIN

Its sovereign wealth fund, Mumtalakat, announced on November 30 that it was establishing a USD750mn fund to invest in climate-related projects. On the same day, the Bahraini…

Riyadh will edge into a more visible role in Africa

Location:

SAUDI ARABIA

Hosting the inaugural Saudi-Africa summit in November, Riyadh pledged to invest USD25bn, provide USD10bn in export finance and commit USD5bn billion to development projects by the…

Geothermal energy production will grow in East Africa

Location:

EAST AFRICA

The plan envisages a massive expansion of geothermal energy, through the sinking of 57 new wells across six major steam fields, which would make Kenya the world’s fourth-largest…

Romania will not meet OECD goals by date set

Location:

ROMANIA

The government regards joining the OECD as a national objective. Having opened accession negotiations in January 2022 and received its roadmap that June, the publication last…

East Africa wind power will expand despite challenges

Location:

EAST AFRICA

With an installed capacity of 310 megawatts, LTWP is Africa’s largest operational wind farm. However, despite its potential, wind power remains a small part of East Africa’s…