Has finance for green industry had an impact in Africa? What’s happened in 41 countries over 20 years

By Nara Monkam, Associate Professor of Public Economics, Chair in Municipal Finance within the Department of Economics, and Head of the Public Policy Hub at the University of Pretoria, University of Pretoria

The African continent finds itself in a predicament. Advanced economies in the rest of the world developed through industrialisation: their economies transformed from mainly agricultural to industrial. This involved burning fossil fuels like coal, generating greenhouse gas emissions that caused global warming.

African economies have trailed behind industrially. They’re now industrialising at a time when the world is moving away from fossil fuels and towards solar power, wind energy and hydropower.

Africa…

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