Egypt

bneGREEN: Renewables finally achieve turbocharged growth

Richard Lockhart in Edinburgh December 9, 2022

Solar is set to overtake coal as the world’s leading source of power supply by early 2025, the IEA said

Italian PM Meloni outlines new ambitious plan for Africa

Marco Cacciati in Berlin December 7, 2022

The Italian PM Giorgia Meloni revealed her government’s new policy towards Africa, speaking at a conference in Rome. The plan will be named after and inspired by historical oil entrepreneur Enrico Mattei, who promoted fair policies for Africa.

Bond investors rush into high yielding bonds on receding EM debt crisis fears, but the polycrisis pressure is still on

Ben Aris in Berlin November 25, 2022

The polycrisis has eased off and the US Fed signalled that it will slow rate hikes as inflation appears to be peaking. That is good news for EM markets and investors have been buying high yielding debt as default fears abate.

ASH: Turkey is heading to “incumbent democracy”

Timothy Ash Senior Sovereign Strategist at BlueBay Asset Management in London November 22, 2022

The vision for me of the weekend opening of the World Cup in Qatar was of Turkish President Erdogan warmly welcoming his Egyptian counterpart, Sisi. The two have long been rivals and have very different visions of democracy in the region.

bneGREEN: Climate paralysis at COP27 as no progress made on 1.5 degrees

Richard Lockhart in Edinburgh November 21, 2022

COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.

bneGREEN: COP27: Africa lobbies to retain gas use despite pollution dangers

Richard Lockhart in Edinburgh November 20, 2022

African nations are lobbying to be allowed to use their natural gas reserves to lift up to 600mn people out of energy poverty and to connect them to modern electricity supplies.

bneGREEN: COP27 warns business cannot be trusted to police greenwashing

Richard Lockhart in Edinburgh November 18, 2022

The UN has identified greenwashing by business and finance as the biggest danger facing the race to net zero, urging them to avoid a toxic cover-up and to ensure that any climate pledges they keep are in line with the 1.5-degree targets.

World population hits 8bn. Where do we go from here?

bne IntelIiNews November 15, 2022

Greying of populations big dilemma for developed countries. Share of people on planet aged 65 years or above projected to rise from 10% now to 16% in 2050.

The number of people without access to electricity is rising for the first time in decades, mostly in Africa

bne IntelliNews November 15, 2022

The number of people without access to electricity is rising for the first time in decades, says IEA, thanks to the energy crisis.

bneGREEN: Gas has potential to derail COP27’s green ambitions

Richard Lockhart in Edinburgh November 11, 2022

Emissions from future LNG projects and could use up 10% of the remaining global carbon budget for 1.5˚C warming by 2050.

OPEC sees Africa adding 1.2mn bpd of refining capacity in medium term

Jennifer DeLay November 8, 2022

OPEC says Africa is on track to add 1.2mn barrels per day (bpd) of primary refining capacity in the medium term, with Nigeria’s Dangote Refinery accounting for more than half of the total.

bneGREEN: No fairness but some hope at COP27

Richard Lockhart in Edinburgh November 5, 2022

COP26 has not delivered so far on the promises made in Glasgow in November 2021, with companies failing to move towards zero emissions pledges and the world as a whole not meeting the targets and aspirations laid down.

bneGREEN: Climate window set to slam shut, warns Guterres

Richard Lockhart in Edinburgh October 28, 2022

The world is heading for a 2.8°C rise in global warming by 2100 unless governments urgently improve their emissions targets, the UN warned, otherwise the window of opportunity to take the required climate action will slam shut.

bneGREEN: Ukraine war boosts green hydrogen to the tune of $73bn

Richard Lockhart in Edinburgh October 28, 2022

The war in Ukraine has prompted new investment in green hydrogen to reach over $73bn as costs fall, making fossil fuel-produced hydrogen uneconomic as gas prices soar.

Why the war in Ukraine threatens global food security

Statista October 27, 2022

More than six weeks into Russia’s invasion of Ukraine, there’s no end in sight to the conflict that has shaken the world to its very core. The war is also having major repercussions on food security.

ING: Back to the 80s? What soaring inflation, US rate hikes and a stronger dollar mean for EM sovereign debt

James Wilson sovereign EM strategist at ING September 11, 2022

Soaring inflation, rate hikes and a stronger dollar are reminiscent of the early 1980s – a decade that brought a wave of EM sovereign debt crises. This year has already seen Sri Lanka default, hit by an external liquidity crisis.

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