In 2016, Senegal generated about 3,600 GWh of electricity. This is just about enough to power one fridge for every 4 people in a year. The country’s power sector is in need for more capacity to enable it to produce cheaper electricity. Businesses need electricity to function, grow, and create jobs and opportunities for people to improve their livelihoods. But how does a new power plant actually help this happen, and how much growth can power projects deliver?
We investigated this question together with the Private Infrastructure Development Group (PIDG), which works to expand access to infrastructure and support economic development in Africa and Asia. PIDG investments in Senegal include a 96MW heavy fuel oil plant necessary to provide base load, and 20MW solar.
We found that by adding base load energy cheaper than Senegal’s existing rental plants, and competitively priced solar, the two power plants could reduce electricity tariffs by 6% and contribute to the creation of 68,000 job opportunities nationally.
You can find the full report on PIDG’s website, and read a brief about our approach to power evaluations here. The Senegal study was one in a series of power assessments we have done for the Let’s Work Partnership worldwide.
For more information: firstname.lastname@example.org.
Recently we have taken the initiative to set up the Academy for Transformative Finance.
We believe that the new normal for the financial sector is: i) taking a long-term view, ii) integrating environmental and social aspects into decision processes and iii) working on the basis of risk return and impact. Whether in banking, insurance, private equity, development finance, or asset management, it is vital to adapt to this shifting context.
The key objective of the Academy for Transformative Finance is to support financial institutions on this journey. The academy will offer a range of trainings and dialogue sessions. We aim to bring together financial industry experts, practitioners, and managers to apply practical tools and insights that can be used during everyday business.
At the moment we are engaging with potential partners (such as academic institutions, international networks and industry organisations) to build a strong global platform offering smart solutions to practitioners in the financial sector around the world. It is anticipated that the Academy for Transformative Finance will go live in the third quarter of this year.
If you have suggestions or questions please contact: email@example.com
It’s the time of the year that many of us make New Year’s resolutions. Eating healthier, joining a gym, to name a few. But what about you as a company, do you have New Year’s resolutions?
We challenge you to put climate change central to your organisation’s agenda in 2018.
In December 2015 the Paris Agreement, in which countries agreed to limit the global temperature rise to two degrees Celsius above preindustrial levels, drew unprecedented attention to the treat of climate change. However, a UN report released October 2017 has warned that existing pledges are insufficient to curb the warming to two degrees Celsius above preindustrial levels, as agreed in Paris. Action is urgently needed, and the private sector has a key role to play.
A key first step for the private sector is to have good insights into its environmental footprint. Especially for investors this can be challenging, as they often need to rely on information from their investees. We have developed a model which can help investors improve their insights into GHG emissions related to their investments, in line with scope 1, 2 and 3 emissions of the GHG protocol.
(Just for the record: Steward Redqueen has compensated its 2017 carbon emissions in co-operation with FairClimateFund)
We would be happy to cooperate in the combat against climate change with you in the new year.
Interested? Contact: firstname.lastname@example.org
“Goed Bestuur & Toezicht” is an independent platform on governance issues. In the last issue of its magazine Wouter Scheepens published an article on the governance of sustainability. The article (in Dutch) can be found here.
The article was based on his book Sustainability in the boardroom (in Dutch) which can be ordered through bol.com.
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