There can be no global shift to renewable energy without better storage technology. New solutions such as Battery Energy Storage Systems (BESS) are emerging in the region to help build the business case for coupling this technology with renewables.
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The challenges faced by the financial sector to convert more women into clients can be addressed by combining well-designed incentives and advisory services.
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If we want the benefits of the energy transition extended to women, then private sector-led workforce development – focused on female employment in construction, currently very low – is critical.
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The dual need for adaptation and mitigation investments requires an innovative approach. Blended finance and advisory services can offer a fresh start.
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Women face hurdles to access jobs in the high-growing renewable energy industry. More than 80% new jobs created by the decarbonization agenda will be in male-dominated sectors. Blended finance solutions are an important tool to incentivize sponsors to take proactive steps to dismantle these barriers to gender equality.
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Donor funds can be combined with equity investments to create incentives and nudges for corporate management teams, to achieve a particular outcome that is good for society or the planet, and hopefully both.
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