By NJ Ayuk, Executive Chairman, African Energy Chamber As global leaders prepare to gather in Brazil for COP30 in Belém, the world’s political and economic divisions on climate action are widening. At this year’s ADIPEC conference, I found myself questioning the value of yet another climate summit when past promises remain largely unfulfilled. The United...
Category: Articles
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Policy Inconsistencies, Underinvestment Undermining Ghana’s Oil Revenue Growth – Prof Lord Mensah
Financial Economist and Head of Local Government Services, Professor Lord Mensah, has attributed the steady decline in Ghana’s oil revenue to years of inconsistent fiscal and investment policies in the petroleum sector, cautioning that the country is now “paying for its past policy indecisions.” Speaking on the NorvanReports, Economic Governance Platform and Ghana Anti-Corruption Coalition...
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Comparing Renewable Energy Subsidies Across Africa
Africa faces a massive energy access gap, with nearly 600 million people lacking electricity. Despite having 60% of the world’s best solar resources, the continent attracted just 2.4% of global renewable energy investments from 2010 to 2020. Renewable energy subsidies are critical to solving this challenge by reducing costs, encouraging private investment, and accelerating adoption....
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European heatwave caused 2,300 deaths, scientists estimate
COPENHAGEN/BRUSSELS, July 9 (Reuters) – Around 2,300 people died of heat-related causes across 12 European cities during the severe heatwave that ended last week, according to a rapid scientific analysis published on Wednesday. The study targeted the 10 days, ending July 2, during which large parts of Western Europe were hit by extreme heat, with temperatures...