Africa's Untapped Renewable Energy Investment Opportunities

KPMG has released a new report highlighting Africa’s significant investment opportunity in renewable energy, detailing nearly $250-billion untapped green investment opportunities in areas such as solar, wind, and hydrogen. As it stands, Africa will need $277-billion annually between 2020 and 2030 to reach its Paris Agreement targets and implement its Nationally Determined Contributions – to contribute to limiting global warming to 1.5°C – according to the Climate Policy Initiative.

Despite this, it currently only receives $29,5-billion in annual climate finance revealing the significant inflows of both public and private finances required from domestic and international sources. The report – “Climate Investing in Africa” – reveals that as Africa fast approaches an anticipated period of economic prosperity, and as a home to mineral and resource rich land, there is an obvious yet untapped investment opportunity for private sector financier

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Africa's Potential in Green Energy IndustrySouth Africa and other African countries discuss Africa's role in creating renewable energy industries on the continent, with Africa having significant reserves and production of green minerals. Dear headtopics.com webmaster, You always provide key takeaways and summaries.
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