Fleet Managers lead EVs adoption in South Africa
Fleet Managers lead EVs adoption in South Africa
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Multilateral Development Banks’ Climate Finance hits $51 billion in 2021
Climate finance committed by major multilateral development banks (MDBs) rose in 2021 with over $19 billion committed to climate change adaptation finance, according to the Joint Report on Multilateral Development Banks’ Climate Finance, published on Friday. The report tracks the progress of MDBs in relation to their climate finance targets such as those announced at COP21 and…
Sasol and ArcelorMittal SA in Hydrogen Deal
South African-based global energy and chemicals company Sasol and steel company ArcelorMittal South Africa (AMCO) have signed a Memorandum of Understanding (MoU) to cooperate on green energy development and the decarbonisation of the manufacturing industry during the African Energy Week in Cape Town. Signed by Priscillah Mabelane, Executive Vice President at Sasol and Aldridge Louis,…
African Development Bank’s AFAWA initiative punts Africa’s women-led businesses
The African Development Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative is launching its second call for proposals for the Women Entrepreneurship Enablers program, targeting women’s business associations, incubators, accelerators, women-led cooperatives, and civil society organizations that promote the development of women entrepreneurs on the continent. AFAWA is offering grants of up…
New Royalties rule kicks in this October- Zimbabwe
Zimbabwean president Emmerson Mnangagwa has announced that the new royalties policy that requires mining companies to pay in cash or refined mining products starts this month, October 2022. A royalty is the right to compensation that is based on a portion of the minerals or other products produced at a mine or of the income…
AngloGold Ashanti Targets 30% less GHG Emissions By 2030
AngloGold Ashanti has released a carbon emissions reduction target that aims to achieve a 30% absolute reduction in its Scope 1 and 2 Greenhouse Gas (GHG) emissions by 2030 through a combination of renewable energy projects, fleet electrification and lower-emission power sources. The company, which has reduced its absolute GHG emissions by more than two…
Amazon.com to invest over 1 billion euros in European electric van, truck fleet
Amazon.com says it will invest more than 1 billion euros ($974.8 million) over the next five years in electric vans, trucks and low-emission package hubs across Europe, accelerating its drive to achieve net-zero carbon. The retailer said the investment was also aimed at spurring innovation across the transportation industry and encouraging more public charging infrastructure…
EV’s benefits remain a mystery to the majority of South Africans
I fancied an electric vehicle. Let’s change that, I drove one, enjoyed the ride and got the curious stares. That was around three to four years ago when my ex-colleague at Rio Tinto, Gugu Lourie brought the massive BMW i8 for me to try out. Lourie runs the hugely successful Techfinancials, showcasing some of the…
Solar energy to power Vodacom Midrand campus
Vodacom South Africa’s Midrand campus will add power generation infrastructure to their massive headquarters with solar photovoltaic (PV) panels installed as part of the telco’s sustainable strategy around energy management. This solution will allow Vodacom’s headquarters to generate around 10.8 gigawatt-hours (GWh) of its own clean power every year, which is roughly 21% of the…
Cabinet and IPG consider SA’s Just Energy Transition Plan (JETP)
South Africa’s Cabinet will next week review the Just Energy Transition Plan road map that the country will present at COP 27. The plan, which details how South Africa intends to wean the country of coal-fired energy which contributes the majority of carbon emissions, was also presented to the International Partners Group (IPG) in order…
