The Peak Oil Crisis: Turmoil EruptsFalls Church News PressThis increased spending, however, means that the Saudis now need to receive on the order of $90-$100 for their oil to afford increased social spending.
World Water Day - UN Highlights Water, Energy Links for Sustainable ... AllAfrica.com Africa: World Water Day - UN Highlights Water, Energy Links for Sustainable Development. 22 March 2014.
Andrea Pearse's insight:
The relationship between energy availability and the economic growth of a country is directly proportional thus if sustainable energy ideas can be implemented in poor nations, this will in turn further help them with soci-economic problems.
CNN) -- Which country boasts the world's fastest growing clean energy investment? Germany? No. United States? Think again.
Jumping from a few hundred million dollars to $5.7 billion, South Africa recorded last year the world's highest growth in renewable energy investment, according to the U.N. Environment Program(UNEP).
The spectacular surge, led largely by investments in solar power projects, comes as South Africa moves to reduce its dependency on coal, which accounts for around 86% of its energy. To achieve that, the country has set the ambitious target of generating 18 gigawatts (GW) of clean energy by 2030.
As a result, a series of investments have trickled into the country, including Google's first foray into Africa's solar power market. The internet giant, which has spent more than $1 billion in renewable energy projects in the United States and Europe in recent years, announced in late May its decision to back the Jasper Power Project, a 96 MW solar photovoltaic (PV) plant in Northern Cape, with a $12 million investment.
Andrea Pearse's insight:
"South Africa recorded last year the world's highest growth in renewable energy investment". This shows the immense potential that South Africa has but with great power comes great responsibility. The true test will be whether South Africa can 'unlock its potential'.
UN News Centre Sustainable energy tops agendas of UN-backed forums in Vienna, Russia UN News Centre 28 May 2013 – Secretary-General Ban Ki-moon's Sustainable Energy for All initiative should be integrated into a new set of global targets for the...
"Energy is now recognized as a defining issue of our time" - this quote by the UN Special Representative for Sustainable Energy for All is excellent affirmation for our nation that we recognize the energy crisis that we are facing so that we can start tackling it.
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