Renewables go social

Renewables go social

Elisa Maria Giannetto
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While the EU allocates 300 million euros for the construction of 19 green projects in Africa, the web witnesses the creation of a Tinder for renewables

The web has many platforms which every day place purchasers in contact with sellers on the labour market, in real estate and trade in general, but so far no one had thought of renewables. The insightful idea came to Dermot O'Gorman, CEO of WWF-Australia, who along with Baker McKenzie (the international law firm), KPMG (a business advisory company) and Future Super (the first Australian fossil free investment fund) from Sydney have launched Clean Tek Market. The new organization is an online platform that by imitating a successful social utility such as Tinder, will be able to more rapidly disseminate clean energy technologies, by bringing  designers and funders together. According to Dermot O'Gorman, CEO of WWF-Australia, "now that the world has embarked on the long-awaited energy transition, the industry is faced with the urgent need to find a tool that links the technologies required for the transition itself to the thousands of billions of funds needed. "Through a series of algorithms, the platform is in fact able to create what is called an open and secure ecosystem for efficient transactions on clean technology deals. CleanTek Market, to quote the words of O'Gorman, "will increase the chances of a great idea becoming a reality." Meanwhile the initiative for renewable energy in Africa, is taking on an evermore concrete shape. The European Union has decided to allocate 300 million euros to build new "green" projects in Africa, adding another 1.8 GW to the generation capacity from renewable sources. An undertaking that will help to achieve the objectives set by the EU for 2020, part of the Initiative for Renewable Energy in Africa, launched at the Paris Conference on Climate Change (COP 21) and which has three priority objectives: Enable another 30 million people to gain access to sustainable energy; save 11 million tons of carbon dioxide per year; support the production of 5 GW from renewable sources. The undertaking consists of a first phase to be completed by 2020, in cooperation with international partners, to reach the generation capacity of at least 10 GW from renewable sources. While the second phase, with a time horizon from 2020 to 2030, establishes measures and policies to reach 300 GW of generating capacity from renewable sources.