Green bonds could be a way not only to help raise the billions needed for Africa’s energy transition but also help to develop Africa’s capital markets, writes banking and finance expert Dhafer Saidane.
The countries most affected by disasters are those that have contributed the least to the problem. Africa contributes to 3% of global CO2 emissions and yet Africa suffers from extreme heat, floods, cyclones, tsunamis, etc.
Africa faces a difficult but not impossible equation to solve: it must encourage growth without fueling CO2 emissions.
The Anthropocene, the moment when humans began to impact geology and ecosystems, began in the 18th century for rich countries. The Anthropocene of Africa has not begun. This situation has lead Akinwumi Adesina, President of the African Development Bank (AfDB), to say “Africa is not at net zero, Africa is at ground zero”.
These violent changes are impacting the growth trajectory of the African continent. A drop…