Global Trade Review (GTR)’s Post

Check out the latest forum article of the week, titled "MENA’s Transition to Renewable Energy: A New Development Strategy" by Atif Kubursi https://lnkd.in/dG8wejct

Check out the latest forum article of the week, titled "MENA’s Transition to Renewable Energy: A New Development Strategy" by Atif Kubursi https://lnkd.in/d7qnK3KG

I had an in-depth discussion with the #CarbonBrief about China's financing for Africa's renewable energy. We take a deep dive here exploring a range of issues and options Carbon Brief

Despite significant renewable energy advancements across African countries, international investments and collaborations are pivotal in advancing the continent's energy infrastructure. Download PwC’s newly released Africa Energy Review 2024 for insights: https://lnkd.in/eM--5Nu8  #AfricaEnergyReview2024 #EnergySecurity #RenewableEnergy

⚡Let us discover how trade finance influences renewable energy projects. 👉Why is trade finance essential for renewable energy? It guarantees liquidity, minimizes payment risks, and ensures timely equipment delivery, crucial for project success. 👉How do renewable energy manufacturers benefit? They can secure advance payments, manage cash flows, and enter new markets without hefty capital investments. 👉How do green bonds impact renewable financing? They raise capital specifically for green projects, offering investors a sustainable investment choice. 👉How does supply chain finance support renewable projects? It ensures suppliers receive timely payments, vital for large projects like wind farms. 👉What are the challenges in obtaining trade finance for renewables? Perceived high risks and lack of awareness can be barriers. 📍 Example - Brazil's Wind Energy Project used trade finance to manage risk for equipment imports. 📍 Morocco's Solar Power Project accessed trade finance to ensure timely payments and equipment imports. #TradeFinance #GlobalTrade #RenewableEnergy #Solar #Wind #Power #Infrastructure

Promoting clean energy investments in Finland with the help of EU’s Recovery and Resilience Facility (RRF). Our national programme aims at the use of new technologies, especially by demonstration projects. The granted subsidies promote energy system integration, electrification, biogas, and solar power. There is also one larger hydrogen project. Investments are taking place in many parts of the country, showing also the wide potential for many kinds of clean solutions. In many cases, the availability of clean and affordable electricity is key. #cleanenergy #electricity #systemintegration #rrf

The aid will be available to companies producing relevant equipment, such as solar panels, wind turbines, heat-pumps, electrolysers, and equipment for carbon capture usage and storage. The European Commission has approved a €1 billion Portuguese scheme to support investments for the production of equipment necessary to foster the transition towards a net-zero economy. The plan, which is in line with the Green Deal Industrial Plan, was approved under the State Aid Temporary Crisis and Transition Framework (TCTF), adopted by the Commission last year. Under the measure, the aid will take the form of direct grants and be available to companies producing relevant equipment, namely batteries, solar panels, wind turbines, heat-pumps, electrolysers, equipment for carbon capture usage and storage, as well as key components designed and primarily used as direct input for the production of such equipment or related critical raw materials necessary for their production. The Commission found that the scheme was in line with the conditions set out in the TCTF. In particular, the aid will incentivize the production of relevant equipment for the transition towards a net-zero economy, the Commission said, noting that it was necessary, appropriate and proportionate to accelerate the green transition and facilitate the development of certain economic activities, which are of importance for the implementation of the Green Deal Industrial Plan.

Despite significant renewable energy advancements across African countries, international investments and collaborations are pivotal in advancing the continent's energy infrastructure. Download PwC’s newly released Africa Energy Review 2024 for insights: https://lnkd.in/d4UiQ9tm  #AfricaEnergyReview2024 #EnergySecurity #RenewableEnergy

💡 Suriname faces unique challenges in its energy transition journey. In this compelling story, Euritha Tjanaway uncovers why the shift to renewable energy in the country is struggling to attract investments and what this means for its sustainable future. What can Suriname do to overcome these barriers and position itself as a leader in the Caribbean's green energy movement? 🌱⚡ Read the full story: https://lnkd.in/eBBFQBb5 #climatetrackercaribbean #climatejustice

Vietnam's renewable energy sector is undeniably full of potential, but it seems we are at a crossroads where big promises meet practical challenges. The DW Akademie article highlights that European investors, once eager to back Vietnam’s ambitious renewable goals, are now pulling out due to concerns about policy inconsistencies and the unpredictability of financial returns. From where I stand, this isn’t necessarily a failure, but rather a wake-up call for us to ensure that everyone involved—investors, developers, and policymakers—is on the same page. It’s clear that we need more than ambitious goals; we need actionable frameworks that make Vietnam not just an exciting opportunity, but also a stable and reliable partner for long-term investments. The truth is, renewable energy isn’t just about making environmental strides—it’s about building an ecosystem that is financially viable for all stakeholders. Vietnam’s energy future holds so much promise, but without addressing these practical concerns, we risk missing out on the kind of global partnerships that could really help drive us forward. This is a crucial moment for reassessing our approach, strengthening investor confidence, and aligning our regulatory environment with long-term sustainability goals. I’m optimistic that we can get there, but it’s going to require a bit of reflection and adjustment from all sides. Let’s use this as an opportunity to sharpen our strategies rather than see it as a step back. #RenewableEnergy #Sustainability #VietnamEnergy #GreenInvestments #FutureofEnergy