The figures are particularly relevant at a time when the 2022 United Nations Climate Change Conference or Conference of the Parties (COP27) is taking place in Egypt, offering an opportunity to take stock of how far the continent’s energy transition has advanced – and how much work remains to be done.
BNEF’s document states that Africa’s poor results cannot be blamed on any lingering effects of the covid-19 pandemic, particularly when taking into account that while renewables investment globally rose 9% from 2020 to 2021 to reach an all-time high, renewables investment in Africa slipped 35% year-on-year.
“The global transition from fossil fuels to clean energy has the potential to benefit economies and health across Africa,” said Michael R. Bloomberg, UN secretary-general’s special envoy on climate ambition and solutions and founder of Bloomberg LP and Bloomberg…
Africa moving very slowly toward clean energy transition – report
