Saudi Aramco joins World Bank’s zero flaring initiative
Saudi Aramco announced today that it is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030’.
World Bank
Wind council to work with World Bank in ’emerging’ offshore markets
The Global Wind Energy Council (GWEC) has announced it will work with World Bank to help promote an intergovernmental forum on "emerging offshore wind markets".
World Bank invests ‘three times more’ in oil and gas than renewables, report finds
World Bank Group has ploughed triple the amount of investment into the oil and gas sector than renewable energy projects over the last five years, according to a new report.
World Bank will stop financing upstream oil and gas post-2019
That World Bank has announced today that it will cease any further financing of upstream oil and gas after 2019.
Moldova could soon be tapping into Romania’s national grid
European funding could allow the Republic of Moldova is to be connected to neighbouring Romania’s power grid in a bid to diversify its electricity supply.
World Bank Group to provide $517m for Ghana oil and gas project
The World Bank Group has said it would provide $517million to Ghana in debt and guarantees to support the $7.7billion Sankofa oil and gas project.
Carbon Holdings looks to future with World Bank investment
Egypt's Carbon Holdings, a petrochemical producer, has received a $25million funding boost from the World Bank’s private investment arm, International Finance Corp.
World Bank slashes forecast for oil prices
The World Bank has slashed its forecast for crude oil prices by $14 to $37 per barrel for 2016 amid growing supply and weak demand prospects from emerging markets.
World Bank reveals funding boost to help Africa cope with climate change
A £10.6billion plan to help Africa cope with rising temperatures and be more resilient to climate “shocks” has been unveiled by the World Bank.
BG joins World Bank carbon pricing coalition
BG Group has joined the World Bank Carbon Pricing Leadership Coalition (CPLC), to collaborate on carbon pricing systems and policies.
Ghana’s energy sector receives largest ever guarantees from World Bank
Ghana has received $700million in guarantees from the World Bank for its transformational Sankofa gas project, which is claimed will address the country's chronic energy shortage.