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The release of the World Energy Outlook 2020 has been scheduled by the International Energy Agency tomorrow, 13 October 2020. This year’s WEO will put the coronavirus pandemic (COVID-19) at the core of its analysis in its outlook, implications, and prospects for energy around the world.
 
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With expanding regional cooperation and a readily available platform, the building blocks are in place for Central Asia to achieve energy security, resilience and economic competitiveness.
When countries cooperate, they prosper. Increased dialogue between nations can boost trade in goods and services, open larger markets for businesses, and strengthen energy security. Energy sharing is particularly important in Central Asia – a region with rich but unevenly distributed fossil fuel and hydro resources.
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This ADBI Working Paper tests reverse Ramsey pricing to check if cross subsidies across different consumers in the PRC electricity sector is equitable and efficient. The paper finds that the pricing mechanism can be equitable as long as social welfare are accounted for, reverse Ramsey pricing can serve the avowed objectives. There are, however, the paper further posits, other subsidy schemes such as targeted subsidies based on level of consumption that can also be efficient and equitable.
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The Board approved on 28 September the $200 million policy-based loan that will strengthen the power sector in Uzbekistan. The Power Sector Reform Program will improve the financial sustainability of the sector, will help create an environment conducive for sustained investments, particularly from the private sector, and improve the regulatory environment that promotes transparency, fairness, and competition.
 
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The 13th Annual Consultation Meeting for the Clean Energy Financing Partnership Facility (CEFPF) was held on 23 September 2020. Chief Sector Officer and CEFPF Facility Manager Robert Guild in his remarks highlighted CEFPF’s role in promoting clean energy with the fund contributions from the financing partners. Representatives from the Governments of Australia, Japan, Norway, Spain, Sweden, and the United Kingdom attended the meeting and have indicated their continued support for the CEFPF beyond 2020.
 
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Governments around the world are implementing increasingly ambitious renewable energy targets. Installing wind farms and solar parks is only part of the challenge of achieving these goals. Another, more technically complex task is ensuring that an electricity supply system can accommodate a high share of wind and solar energy.

  

 

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