Africa shrugs off net-zero emissions push without finance to follow

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LONDON: As more countries, cities, investors and businesses set net-zero emissions goals, they now cover about half of the world's economy - but ...

With international investment already lacking in Africa - and some countries burned by disappointing promises of cash from sluggish carbon markets - many African countries are struggling to see net-zero policy as a priority, they added."Without the financing, it's hard to have that incentive," said Damilola Ogunbiyi, special representative of the UN secretary-general for Sustainable Energy for All, noting investment in low-carbon energy systems in Africa had lagged.

Lee White, Gabon's environment minister, said his Central African nation, which has protected its forests carefully, was already absorbing 1 million more tonnes of carbon dioxide a year than it emitted."We don’t think about net zero. We think about how we maintain our net-positive contribution to climate change," he said.

 

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