News / #energy transition
Loans to Africa have been driven by China’s policy banks in support for coal and hydropower, but a more diverse cast of creditors could steer support towards greener ventures.
Nearly 60 countries have drastically scaled back their plans for building coal-fired power plants since the Paris Agreement in 2015, according to figures released by Global Energy Monitor (GEM).
Global power-sector emissions hit an 'all-time high' in 2024, despite solar and wind power continuing to grow at record speed, according to analysis from thinktank Ember.
All 160 MW of proposed plants are for captive use, mostly tied to nickel smelting. The country remains a key coal supplier to the rest of the region, where stalled projects have outpaced new construction, according to Global Energy Monitor.
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