Unlocking Africa’s Green Potential: Fostering Sustainable Development and Climate Resilience – A perspective from the World Economic Forum. Africa’s vast solar and wind energy potential offers a path to reduced emissions and economic development. While global climate finance flows have increased — reaching $850-940 billion in 2021 and a booming green bond market — they fall far short of the trillions required annually to meet global climate goals. Evidence shows that Africa has enormous potential for the development of renewable energy sources, particularly solar and wind. Equity financing, despite perceived risks, provides an avenue for funding renewable energy development and sustainable agriculture.

Source: The North Africa Journal March 06, 2024 12:13 UTC