Climate Finance |

What to Watch in Commodities: OPEC+, Nickel, Crops, Lithium, ECB

LAGOS (Capital Markets in Africa) – Commodities investors are in line for a comprehensive update on the state of energy, metal and agricultural markets this week. Leading the charge, the World Energy Council kicks off Monday in Abu Dhabi, with ministers and executives attending, while OPEC+ officials meet on the sidelines later in the week. Those events will carry extra significance following the installation of Prince Abdulaziz bin Salman as Saudi Arabia’s new energy minister. There’s a triple hit…

Nordex Wins Order for 80 Wind Turbines to South African Projects

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Nordex SE was awarded contracts to supply 80 turbines with a total capacity of 252 megawatts to the Garob and Copperton onshore wind projects in South Africa. The turbine manufacturer will build 46 AW125/3150 units for the Garob project ordered by Enel Green Power and 34 for Copperton ordered by developer Elawan, Hamburg-based Nordex said in a statement. “Such announcements bode well for the beleaguered projects that had to wait…

Facilitating Cross-Border Capital Flows to Grow the China Green Bond Market

Posted on by The Editorial Team

LONDON/SHANGHAI: Climate Bonds Initiative and the Lujiazui Green Finance Development Committee will today launch. This groundbreaking new report explores the challenges of increasing inter-country capital flows into China’s green bond market and puts forward potential measures and solutions to facilitate capital investment that supports the expansion of green finance and the green bond market. Produced in partnership with China Chengxin Credit Rating Group (CCX) and with the support of the Foreign and Commonwealth Office (FCO)…

AfDB approves Africa Renewable Energy Initiative

Posted on by The Editorial Team

ABIDJAN (Capital Markets in Africa) – The Boards of Directors of the African Development Bank (AfDB) have endorsed the proposal by the Bank’s Management to serve as Trustee to administer and manage the resources of Africa Renewable Energy Initiative (AREI), and also to host the AREI Independent Delivery Unit as requested by African Heads of State and Government. The AREI is an Africa-owned and Africa-led initiative of the African Union. It aims at harnessing Africa’s…

AfDB with GEF support continues to strengthen resilience to climate change in Africa

Posted on by The Editorial Team

Lagos, Nigeria (Capital Markets in Africa) — The Global Environmental Facility (GEF) approved USD 35 million in funding to improve climate resilience to be channeled through the African Development Bank for programs in Côte d’Ivoire, Chad, Zambia, in addition to one which spans several countries. The announcement was made at the recent 48th session of the GEF Council Meeting during which the largest GEF work program in its 23 years of history – USD 709…