{"id":551505,"date":"2022-06-22T13:22:01","date_gmt":"2022-06-22T13:22:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/22\/clean-energy-investments-see-slight-improvement-this-year-a-new-app-to-track-uv-radiation-the-biotech-sector-is-in-trouble-amidst-investment-drought\/"},"modified":"2022-06-22T13:22:01","modified_gmt":"2022-06-22T13:22:01","slug":"clean-energy-investments-see-slight-improvement-this-year-a-new-app-to-track-uv-radiation-the-biotech-sector-is-in-trouble-amidst-investment-drought","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/22\/clean-energy-investments-see-slight-improvement-this-year-a-new-app-to-track-uv-radiation-the-biotech-sector-is-in-trouble-amidst-investment-drought\/","title":{"rendered":"Clean energy investments see slight improvement this year + A new app to track UV radiation + The biotech sector is in trouble amidst investment drought"},"content":{"rendered":"

<\/a> The world is still lagging behind on clean energy investments \u2014 but there\u2019s some<\/strong> improvement: <\/strong>Global energy investments are set to rise 8% to USD 2.4 tn this year, with a significant growth in clean energy investments that is offset by a rising reliance on coal, the International Energy Agency\u2019s latest World Investment Report (pdf)<\/a> shows. While investments in clean energy account for over three quarters of this year\u2019s growth in energy investments (more than USD 1.4 tn), the IEA still described that as \u201cwell short of what is required to hit international climate goals, but nonetheless an important step in the right direction.\u201d Clean energy spending is also \u201cunevenly distributed,\u201d according to the report, which notes that developed economies and China account for the bulk of investments.<\/p>\n

And the ongoing energy crisis could drive coal investments up even further: <\/strong>Coal investments are on course to rise another 10% this year, after rising by the same levels to hit USD 105 bn in 2021, the report says. European countries like Italy, Germany, Austria, and the Netherlands are considering a return to coal<\/a> to plug the shortage from Russia\u2019s reduced flows into the continent. The report notes, however, that the energy crisis should not stand in the way of global climate pledges, adding that a \u201cmassive surge in investment to accelerate clean energy transitions\u201d is \u201cthe only lasting solution.\u201d<\/p>\n

The European Investment Bank joined in the chorus of voices calling for increased investments in clean energy<\/strong>, particularly in Africa, with Vice President Ambroise Fayolle telling Reuters<\/a> that the European lender will not be funding fossil fuel projects in a bid to safeguard climate goals.<\/p>\n

Remember:<\/strong> Egypt is poised to be one of the EU\u2019s most important allies for energy exports<\/strong>, after it signed<\/a> a landmark agreement with the EU and Israel to increase exports to the continent last week.<\/p>\n

\n

<\/a> Just in time for the start of summer: A new app can help you track UV radiation level<\/strong> forecasts<\/strong> to avoid extensive exposure to the ultraviolet rays, said the World Meteorological Organization<\/a>, which launched the app with the World Health Organization, the United Nations Environment Programme, and the International Labor Organization. \u201cIt highlights time slots when sun protection is required with the aim of helping people around the world know when to use sun protection, in an effort to reduce the global burden of skin cancer and UV-related eye damage.\u201d The app, which relies on \u201cdata from country-level weather and UV measuring stations to provide accurate and location-specific UV Index readings,\u201d is designed to help achieve one of the UN Sustainable Development Goals related to global health and wellbeing.<\/p>\n

In a funding drought hitting all sectors, biotech\u2019s fate seems especially dry: <\/strong>US biotech companies are struggling to keep their head above water amid a tight investment market fueled by a worrying global economy, the Financial Times<\/a> reports, citing analysts and investment banks. Biotech companies \u2014 who have long and risky development cycles \u2014 are looking less than appealing to investors and even their own backers. This has pushed many listed biotech companies to sign off on \u201cdraconian\u201d agreements to survive such as raising equity at huge valuation reductions, taking out risky loans, monetizing future royalty streams, or looking to big pharma to lend a hand. Over half of listed companies who raised money this quarter had to offer incentives to get the agreement across, the FT found. Meanwhile, others such as Genocea<\/a>, which was working on cancer treatments, have been forced to shut down operations in a clear sign that the biotech industry is in a tough predicament.<\/p>\n","protected":false},"excerpt":{"rendered":"

The world is still lagging behind on clean energy investments \u2014 but there\u2019s some improvement: Global energy investments are set to rise 8% to USD 2.4 tn this year, with a significant growth in clean energy investments that is offset by a rising reliance on coal, the International Energy Agency\u2019s latest World Investment Report (pdf) […]<\/p>\n","protected":false},"author":1,"featured_media":551506,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[93,633,638,7138,746,406],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-energy","tag-enterprisepm","tag-for-your-commute","tag-health","tag-international-energy-agency","tag-world-health-organization","wpautop","entry"],"acf":{"mongo_id":"1b5ea801-0bb4-42d2-9379-b4fd44172b9f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/476.jpg","photo_position":"above","related_issue":[551501],"teaser":"","voice_url":""},"yoast_head":"\nClean energy investments see slight improvement this year + A new app to track UV radiation + The biotech sector is in trouble amidst investment drought - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/22\/clean-energy-investments-see-slight-improvement-this-year-a-new-app-to-track-uv-radiation-the-biotech-sector-is-in-trouble-amidst-investment-drought\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clean energy investments see slight improvement this year + A new app to track UV radiation + The biotech sector is in trouble amidst investment drought\" \/>\n<meta property=\"og:description\" content=\"The world is still lagging behind on clean energy investments \u2014 but there\u2019s some improvement: Global energy 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bn into electrical grid by 2023 -Apicorp: Egypt needs to invest an additional USD 20 bn in power generation and USD 10 bn in transmission and distribution (T&D)to increase capacity to 63 GW by 2023, the Arab Petroleum Investments Corporation (Apicorp) says in its\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/830.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562924,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/10\/the-annual-cost-of-net-zero-emissions-in-developing-countries-usd-1-tn\/","url_meta":{"origin":551505,"position":1},"title":"The annual cost of net-zero emissions in developing countries: USD 1 tn","author":"enterpriseam admin","date":"10 June 2021","format":false,"excerpt":"The annual cost of net-zero emissions in developing countries: USD 1 tn. Developing economies will need more than USD 1 tn in clean energy investments each year by 2030 if the world is going to achieve net-zero emissions by the middle of the century, the International Energy Agency (IEA) said\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564472,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/meet-the-tree-hugging-swfs\/","url_meta":{"origin":551505,"position":2},"title":"Meet the tree-hugging SWFs","author":"enterpriseam admin","date":"8 February 2021","format":false,"excerpt":"Sovereign wealth funds are piling into green investments, especially clean tech, as the push to combat climate change picks up steam, according to Barron\u2019s. The move towards green investments comes as part of the general uptick in funding for sustainable projects and appetite for environmental, social, or governance (ESG) impact,\u2026","rel":"","context":"In "Macro picture"","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/419.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565950,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/iea-calls-for-halting-new-oil-and-gas-exploration-projects\/","url_meta":{"origin":551505,"position":3},"title":"IEA calls for halting new oil and gas exploration projects","author":"enterpriseam admin","date":"18 May 2021","format":false,"excerpt":"The International Energy Agency (IEA) is calling for an end to new oil and gas exploration to achieve net zero carbon dioxide emissions by 2050 and meet the Paris Agreement goals, the IEA said in its Net Zero by 2050 roadmap for the energy sector.This is a pretty big rethink\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596344,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/egypts-energy-sector-attracts-egp-1-tn-investments\/","url_meta":{"origin":551505,"position":4},"title":"Egypt\u2019s energy sector attracts EGP 1 tn investments","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"Energy news led the discussion on the airwaves on an otherwise uneventful night: The petroleum sector has seen EGP 1 tn in investments, Al Hayah Al Youm\u2019s Khaled Abu Bakr said, citing figures disclosed by Oil Minister Tarek El Molla to Prime Minister Moustafa Madbouly in a meeting yesterday (watch,\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603514,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/mena-region-is-collectively-investing-nearly-usd-1-tn-in-energy-until-2023\/","url_meta":{"origin":551505,"position":5},"title":"MENA region is collectively investing nearly USD 1 tn in energy until 2023","author":"enterpriseam admin","date":"24 April 2019","format":false,"excerpt":"The MENA region is collectively investing nearly USD 1 tn in energy from 2019-23, the majority of which is being channeled into the power sector, the Arab Petroleum Investments Corporation (Apicorp) says in its 2019 MENA Annual Energy Investment Outlook (pdf). The total investment figures are 5% higher than Apicorp\u2019s\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1882.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=551505"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551505\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/551501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/551506"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=551505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=551505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=551505"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=551505"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=551505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}