Monthly archives: June, 2020

Renewables Increasingly Beat Even Cheapest Coal Competitors on Cost

Competitive power generation costs make investment in renewables highly attractive as countries target economic recovery from COVID-19, new IRENA report finds Abu Dhabi, United Arab Emirates, 2 June 2020 — Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) published …

African Development Bank delivers on a decade of transformative commitments to reduce poverty

For the past five decades, the African Development Bank Group has been at the forefront of driving Africa’s economic transformation, leveraging its diverse resources and unique know-how as an indigenous development finance institution. The Bank has delivered on its goals of reducing poverty and fostering inclusive growth on the continent. We scaled up development support …

Abhimanyu Sofat, Head of Research, IIFL Securities on Moody’s downgrades India’s ratings to BAA3

Abhimanyu Sofat, Head of Research, IIFL Securities on Moody’s downgrades India’s ratings to BAA3 “Moody’s decision to lower India’s rating is a reflection of the stress in Indian economy and fiscal situation that has been amplified by the virus outbreak. We believe the subdued policy response for short term alleviation of the lockdown related stress …

worldsteel announces the 2019 Steel Sustainability Champions

The World Steel Association (worldsteel) has recognised 9 companies as Steel Sustainability Champions for their work in 2019.  Now in its third year, the Steel Sustainability Champions Programme commends those steel companies that are most clearly demonstrating their commitment to sustainable development. The 2019 Steel Sustainability Champions are: ArcelorMittal BlueScope Steel Limited China Steel Corporation …