Global climate agenda could be boon for African growth

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Global climate agenda could be boon for African growth
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While it will not be easy, the continent has the resources and growing global support to write a bold new chapter in its development story

Picture: REUTERS/MIKE HUTCHINGS

, Africa’s emissions profile is more substantial than often thought. While African per capita emissions are, on average, still less than half those of Organisation for Economic Co-operation & Development countries, the continent nonetheless accounts for roughly 10% of global annual greenhouse gas emissions when land-use emissions and all greenhouse gases are taken into account. By comparison, global aviation accounts for less than 2%.

Because Africa’s endowment of renewable energy resources far exceeds expected domestic energy demand, African countries could valorise these “stranded” renewables through the production and export of clean energy or of processed goods based on clean energy. Our new report highlights 10 opportunity areas with numerous ideas like this that could help power African growth and prosperity in a net-zero world. Importantly, we show that there does not have to be a trade-off between growth and development and climate action in Africa, in fact the opposite is true.

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