$90 Billion Per Year: Africa’s Demand for Going Green

Watts Up With That?

how-about-1million-dr-evil

Guest essay by Eric Worrall

Africa has just produced a report which estimates between $60 – $90 billion per year will be required for Africa’s green energy revolution.

Following high-level declarations at the Sustainable Development Goals and the Paris Climate Conference in late 2015, there is a growing appetite for renewable energy in Africa. This is much-needed; the continent’s energy supplies are not meeting the needs and aspirations of its people. A better system will promote economic diversification, raise productivity, and improve the health and wellbeing of citizens.

Africa requires between $60 and $90 billion annually to address its energy shortfall, roughly quadruple 2014 investment levels. While fossil fuels, notably coal, oil and gas, continue to provide a signi cant quantity of energy – especially in South Africa – renewables need to play a greater role.

Africa has plentiful resources, from geothermal power in Kenya and Ethiopia to hydropower…

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