UN Economic Commission for Africa says fossil fuel infrastructure will result in billions of stranded assets and legacy debts.World Bank calls for partnerships in promoting Distribute Renewable Energy Systems .The United Nations Economic Commission for Africa has warned that leaders in countries investing in fossil fuel infrastructure will leave behind a legacy of debt to be carried for generations to come.
"Developing new fossil fuel infrastructure would result in billions of stranded assets and debt for future generations," said Antonio Pedro, the executive secretary at UNECA. The country's power sector is a major contributor to greenhouse emissions, accounting for 41% of total carbon dioxide emissions.
"The expansion of access through Distribute Renewable Energy systems will answer an urgent need quickly and support climate resilience, food security, and human capital development goals," the World Bank said in a statement.
_Business Im sure they suggest rather taking loans through the west and getting into debt anyway or keep buying their oil or gas? (which isnt actually theirs) how dare we provide for ourselves
_Business Holding the world ransom again.
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »