Africa presents challenges, solutions in clean energy transition

Africa is responsible for just 4% of the world's greenhouse gas emissions.

“I think, for the first time, it’s not about Africa going to a COP with an ask, it’s Africa going to a COP with an offer,” Bezos Earth Fund CEO Andrew Steer said at the Reuters IMPACT conference in London, referring to the COP28 climate summit in November. At last year’s COP27 in Sharm el-Sheikh, countries committed to establishing a mechanism to provide “loss and damage” funding for developing countries, but are yet contribute funds.

Sanjeev Gupta, executive director of financial services at the African Finance Corporation, a pan-African multilateral development institution, said a continuation of the status quo would be devastating. Cristina Gamboa, CEO of nonprofit World Green Building Council, said African cities could be in an advantageous position as populations boom.

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