More clean energy funds needed for systems that channel power to world's poorest
Barcelona
ONLY a tiny fraction of climate change funding is going into small-scale solar, biogas and other off-grid systems that may be the best way to get power to the world's poorest, researchers say.
That problem, evident in new figures from the London-based International Institute for Environment and Development (IIED), points to a challenge for the main international organisation promoting access to clean energy for everyone on the planet, which last week adopted a strategy to achieve that goal earlier than a 2030 deadline.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Shell to exit South Africa's downstream businesses
EU clears Nippon Steel's US$14.9 billion purchase of US Steel
Asian central banks, consumers flock to gold amid currency weakness, macro uncertainty
Shell in talks to sell Malaysia fuel stations to Saudi Aramco: sources
Indonesia's PGN, Freeport sign gas supply deal for smelter
Maersk says Red Sea disruption will cut capacity by 15-20% in Q2