Six Developing Countries Get $41 Million in Loans to Deploy Renewable Energy
Six renewable energy projects in developing countries will soon become realities, thanks to $41 million in financing.
The International Renewable Energy Agency (IRENA) and Abu Dhabi Fund for Development (ADFD) used suggestions from an advisory panel to hand out the loans to complete projects that will deploy wind, solar, hydro and biomass technologies, according to a press release from the partnering organizations.
The projects will total a combined 35 megawatts (MW) in renewable energy and help bring power to more than 300,000 people and businesses. Here are the winning countries and projects:
- Sierra Leone—$9 million for a 6-MW solar photovoltaic (PV) project
- Mali—$9 million to support a 4-MW hybrid project that includes solar PV
- Samoa—$7 million for biomass and biodiesel projects
- Maldives—$6 million for a 2-MW project involving the conversion of water to energy initiative
- Mauritania—$5 million for wind energy projects
- Ecuador—$5 million for a 3 MW of hydro power
“IRENA- and ADFD-selected projects bring power to isolated off-grid populations, in some cases for the first time," IRENA Director-General Adnan Z. Amin said. "This will stimulate local economic development and raise living standards.
“Financing is one of the key issues renewable energy is facing, particularly in the developing world."
The United Arab Emirates has committed a total of $350 million in concessional loans through the ADFD to support renewable energy in developing countries. This is the first of seven cycles of loans from that partnership.
“We believe in supporting developing countries and help them deploy renewable energy as a substitute to traditional energy that has negative effects on humans and the environment," H.E. Mohammed Saif Al Suwaidi, director-general of ADFD, said. "We believe in the importance of encouraging investment in renewable energy and we launched this initiative to finance up to 50 percent of each project in order to allow for the remainder to be financed by banks, international financial institutions and other development partners.
"This will mobilize the financing required from the private and public sectors, and help build local financial markets and create valuable know-how for the future.”
Visit EcoWatch’s RENEWABLES page for more related news on this topic.
Toxins in water produced by cyanobacteria was likely responsible for more than 300 elephant deaths in Botswana this year, the country's wildlife department announced on Monday.
How Did Cyanobacteria Poison the Elephants?<p>Cyanobacteria are microscopic organisms common in water and sometimes found in soil. Some cyanobacteria produce neurotoxins.</p><p>The cyanobacteria "was growing in pans" or watering holes, the principal veterinary officer of the Department of Wildlife and National Parks, Mmadi Reuben, told reporters.</p><p>Reuben said the deaths had "stopped towards the end of June 2020, coinciding with the drying of pans."</p><p>"However we have many questions still to be answered such as why the elephants only and why that area only? We have a number of hypotheses we are investigating," added Reuben.</p><p>Similar elephant deaths have also been recorded in neighboring Zimbabwe.</p>
Climate Change to Blame?<p>Not all cyanobacteria are toxic but scientists say varieties dangerous to humans and animals are occurring more frequently as climate change drives up global temperatures.</p><p>Southern Africa's temperatures are rising at twice the global average, according to the Intergovernmental Panel on Climate Change.</p>
Elephant Paradise?<p>Africa's overall elephant population is declining due to poaching. But Botswana, home to almost a third of the continent's elephants, has seen numbers grow to around 130,000.</p><p>Botswana's government said it was continuing studies into the occurrence of the deadly bacteria. In the winter, elephants hydrate themselves mainly by eating roots and bark, especially of the baobab tree.</p>
- Hundreds of Botswana's Elephants Are Dying From Mysterious Cause ›
- How Botswana's Sudden Elephant Deaths Impact the Species ... ›
- In 'Conservation Disaster,' Hundreds of Botswana's Elephants Are ... ›
EcoWatch Daily Newsletter
By Alexandra Villarreal
As West coast wildfires color the skies dystopian red and orange and an aggressive hurricane season batters the U.S. Gulf coast, college students are demanding their schools take bold action to address the climate crisis.
- NYC Public Schools to Excuse Climate Strikers - EcoWatch ›
- Portuguese Youth Activists Sue 33 Countries Over Climate Crisis ... ›
- Students Rally for Fossil Fuel Divestment at Ohio State University ... ›
The National Hurricane Center has run out of names for tropical storms this year and has now moved on to the Greek alphabet during an extremely active hurricane season. Late Monday night, Tropical Storm Beta became the ninth named storm to make landfall. That's the first time so many named storms have made landfall since 1916, when Woodrow Wilson was president, according to NBC News.
- Extreme Weather Suggests Future Climate Crisis Is Already Here ... ›
- Atlantic Faces Fifth 'Above-Normal' Hurricane Season in a Row ... ›
By Karen L. Smith-Janssen
Colette Pichon Battle gave a December 2019 TEDWomen Talk on the stark realities of climate change displacement, and people took notice. The video racked up a million views in about two weeks. The attorney, founder, and executive director of the Gulf Coast Center for Law & Policy (GCCLP) advocates for climate justice in communities of color. Confronted with evidence showing how her own South Louisiana coastal home of Bayou Liberty will be lost to flooding in coming years, the 2019 Obama Fellow dedicates herself to helping others still reeling from the impacts of Katrina face the heavy toll that climate change has taken—and will take—on their lives and homelands. Her work focuses on strengthening multiracial coalitions, advocating for federal, state, and local disaster mitigation measures, and redirecting resources toward Black communities across the Gulf South.
Between 2000 and 2013, Earth lost an area of undisturbed ecosystems roughly the size of Mexico.
- Planting Projects, Backyard Habitats Can Re-Create Livable Natural ... ›
- Humans Are Destroying Wildlife at an Unprecedented Rate, New ... ›
- UN Biodiversity Chief: Humans Risk Living in an 'Empty World' With ... ›
- Scientists Warn Worse Pandemics Are on the Way if We Don't ... ›
- Coronavirus Pandemic Linked to Destruction of Wildlife and World's ... ›