Africa can be renewable powerhouse if resources are explored wisely: Top expert 

  • Date: 07-Nov-2022
  • Source: Arab News
  • Sector:Oil & Gas
  • Country:Egypt
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Africa can be renewable powerhouse if resources are explored wisely: Top expert 

RIYADH: Africa can become a renewable energy powerhouse if rich nations help the continent in the global battle against climate change, according to Minouche Shafik, director of the London School of Economics. Speaking at the UN Climate Change Conference in Sharm El-Sheikh, Egypt on Nov. 7, Shafik insisted the green industrial revolution could become the new growth story for Africa if properly implemented, and added that it could turn the world economy sustainable. She said: “Africa is responsible for just one percent of the stock of carbon emissions, but it will be the hardest hit by climate change. That cannot be right. “Many African countries are in the sunshine, wind, rivers and forests. With the support and lower cost of capital, these nations could leapfrog the energy systems of the past.” During her speech, Shafik noted that the current economy should be changed to create a better future, which should be sustainable and free from carbon emissions. She added: “Humans are the cause of climate change, and we have the means to stop it by changing our economy. We should change it by making needed investments, and creating cities where can move, live and breathe. The food we eat should