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17 Jul 23
Fast progress on reducing Iceland’s budget deficit will help to rebuild fiscal buffers faster than expected and points to growing resilience in the government’s finances, ratings agency Moody’s has...
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26 May 23
Fears over the affordability and security of fossil fuels are set to increase renewable energy investments this year, experts at the International Energy Agency have said.
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17 Apr 23
A group of major economies has promised to expedite the transition to cleaner energy in a bid to meet targets to reach net zero carbon emissions by 2050.
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26 Aug 22
The Nigerian government aims to raise an initial $10bn of finance to help implement its planned energy decarbonisation, ahead of an international climate change conference.
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5 Aug 22
European governments should end sweeping support measures keeping fuel prices down and allow prices to rise to encourage people to use less fossil fuels, IMF economists have said.
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25 Jul 22
A complete and permanent shutoff of Russian gas into Europe would take close to 3% off Germany’s forecast economic activity next year, the International Monetary Fund has said.
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14 Jul 22
Developed governments have failed to use the energy crisis to fund incentives for the transition to renewable energy, delegates at Public Finance Live were told.
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21 Jun 22
Annual investment of $25bn for the next decade would allow Africa to meet its energy goals and reverse current backsliding on energy access, the International Energy Agency has said, calling for...
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24 Sep 19
Coal-fired electricity is to be phased out in Greece and Hungary as the countries’ leaders pave the way for a transition to renewable energy.
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26 Jul 19
Efforts to help Tonga’s most remote islands become self-sufficient in energy have been given a major boost by the Asian Development Bank.
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25 Jul 19
Between 2010 and 2017 60% - £4.6bn - of the UK’s support for energy in developing countries went towards fossil fuel sources, according to analysis by the Catholic Agency for Overseas Development....
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31 May 19
The World Bank has convened an international partnership aimed at boosting energy storage – vital for renewable power - in developing countries.
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3 May 19
It has traditionally been difficult for investors to assess the credit risk of investing in renewable energy of the Pacific nations - but that could be about to change, explains the Asian Development...
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26 Mar 19
Wind and solar power in the US are now cheaper than coal in a major setback for president Donald Trump’s promise to revive the ailing fossil fuel industry.
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19 Dec 18
The UK has pledged £100m extra funding to renewable energy projects in Africa giving hundreds of thousands access to electricity, the government has announced.
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13 Oct 17
The government of Vanuatu and the Asian Development Bank have struck a $15.1m agreement for renewable energy.
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22 Sep 17
The Asian Development Bank has approved two loans, totalling $1.1bn, to strengthen Indonesia’s energy sector and promote growth and development.
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7 Jul 17
G20 governments are giving nearly four times more public finance to fossil fuels than green energy, according to campaigners.
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11 Oct 16
Civic leaders are increasingly taking on the responsibility for sourcing city energy supplies to secure a clean energy future for citizens, a report by Arup has found.
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29 Jul 16
Nigeria’s ministry of works has already spent nearly a quarter of its increased budget in less than three months as part of a programme to boost capital spending, the country’s minister for power,...
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27 Jul 16
The environmental and social impacts of a $14bn hydropower dam will be assessed before construction begins later this year, the African Development Bank has guaranteed.
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16 May 16
Solar power in India is to get a $625m World Bank boost, enabling widespread installation of solar panels on rooftops across the country.
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8 Apr 16
The World Bank has outlined how it plans to uphold a pledge to scale up its annual investments in tackling climate change by one third in a new Climate Action Plan.
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31 Mar 16
China blazed ahead of the rest of the world in terms of investment in renewable energy last year, spending a total of $103bn, or 36% of the world total.
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9 Mar 16
The African Development Bank has won Green Climate Fund accreditation, meaning funds can now be channelled to the continent through the bank as an implementing agency.