released on July 5 that the value of so-called “greenfield” projects in Africa in 2022 rose nearly four times over the figure for 2021, from U.S.$52 billion to a record $195 billion.
While the highest number of new projects were announced in the information and communications sector, the biggest increases in value were in energy and gas supply investments, to $120 billion, construction, to $24 billion, and extractive industries, to $21 billion.in recent years has occurred in economically developed nations. Globally, developing countries need to triple investments in renewable energy.
The agency's Secretary-General, Rebecca Grynspan, said a significant increase in investment in sustainable energy systems in developing countries was crucial if the world is to reach its climate goals by 2030., the UNCTAD report revealed widespread divergences by region and country in 2022 compared to 2021.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheAfricaReport - 🏆 29. / 55 Read more »
YOUR MONEY: How safe are offshore equities as a long-term investment?A reader wants to buy shares for their children’s benefit, but is worried about the JSE’s performance.
Source: FinancialMail - 🏆 20. / 63 Read more »