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Coalition launches policy assessment revealing African Public Finance Institutions’ continued financing of fossil fuels.
On Thursday, at the UN Climate Talks, the Fair Finance Coalition of Southern Africa (FFCSA) revealed the findings of an assessment of the policies of six public finance institutions (PFIs) in Africa. The institutions assessed by the FFCSA include the Development Bank of Southern Africa, Industrial Development Corporation, New Development Bank, African Development Bank, Export…
Fair Finance Shames Afdb, Idc, Pic Over Fossil Fuels.
Business Report (The Star) CONTROVERSY AT C0P27 Fair Finance shames AfDB, MC, PIC over fossil fuels _Report found that there were 782 fossilfuel projects in operation or under construction in Africa between 2016 and 2021 SIPHELELE DLUDLA siphelele.dludla@inl.co.za DEVELOPMENT Finance Institutions DFIs in southern Africa are pouring significant amounts of money into fossil fuels exploration…
Activists call out AfDB President over statement in support of fossil gas expansion in Africa.
November 17 2022 Climate activists are up in arms following a statement made by African Development Bank President, Akinwumi Adesina, at COP27, indicating that Africa “must have gas to complement renewable energy”. Read the full story here” https://www.environewsnigeria.com/activists-call-out-afdb-president-over-statement-in-support-of-fossil-gas-expansion-in-africa/ Sharing Is Caring – Share This Post
Concern Mounts As Sa Inks New R10bn Loan For Just Transition.
(Business Report – The Mercury) FINANCING Concern mounts as 34 inks new IllObn loan for Just Transition SIPHELELE DLUDLA siphelele.dludla@inl.co.za ACTIVISTS and analysts have expressed growing concern about South Africa’s increasing loans to fund its Just Energy Transition Programme JETP following more than R10 billion in loans from European countries. FINANCING Concern mounts as 34…