Mozambique Endorses $80-Billion Energy Transition Strategy ...Middle East

Mozambique has approved an energy transition strategy worth $80 billion, seeking to raise funding from wealthy nations to boost the share of renewables and reduce fossil fuels use in its energy mix. The detailed plan will be unveiled by President Filipe Nyusi at the COP28 climate summit in Dubai later this week, Mozambique said in a statement to Bloomberg. The first measures of the strategy through 2050 include adding 2 gigawatts (GW) of hydropower generation capacity by 2030 and bolstering and expanding the grid to accommodate more renewable energy…

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