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Africa’s $16 trillion race to de-carbonise

Africa’s $16 trillion race to de-carbonise

SETH ONYANGO, BIRD SOUTH Africa, Ethiopia, Egypt, Morocco and Kenya are building clean energy economies that could rake in billions of dollars in investment over the next decade. All have ramped up investments in renewable energy infrastructure to decarbonise their industries and run their economies with clean fuel. Some smaller states have also set ambitious energy transition targets from fossils, such as Rwanda’s target of generating 60 per cent renewable energy by 2030. Data show there is a huge incentive to decarbonise. In June last year, finance giant, Goldman Sachs projected that spending for renewable power projects in 2021, will…
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