Renewables are thriving, with Africa breaking solar energy records – but action is needed to plug financing gap
The first signs of a takeoff of Africa’s green economy are raising hopes that a transformation of the continent’s fortunes may be under way, driven by solar power and an increase in low-carbon investment.
African leaders are meeting this week in Addis Ababa, Ethiopia, for the Africa Climate Summit, a precursor to the global UN Cop30 in November. They will call for an increase in support from rich countries for Africa’s green resurgence, without which they will warn it could be fragile and spread unevenly.
Richard Muyungi, the climate envoy and adviser to the president of Tanzania, said: “Africa is ready to be part of [the global fight to stave off climate breakdown] provided we are supported with finance, technology and capacity-building.
“There has been an increase of investments in some areas but Africa still needs a lot of financing to be able to be part of the global solution, and to address the challenges we are facing.”
