Solving Africa’s energy poverty critical to achieving netzero

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Dr. Donald Kaberuka

Despite the fact that climate change is a global issue, national and, occasionally, subnational governments adopt programs to limit greenhouse gas emissions.

Domestic political support for collaboration is necessary for progress in climate change negotiations, but major polluters around the world haven't done much to slow down global warming so far.

There are undoubtedly aspects of the economy, such as the power and mobility and transportation systems, that directly cause greenhouse gas emissions.

The road to net-zero emissions is paved with di culties. In order to avoid an even more di cult shift in the future, leadership must recognize the dangers and commit to change today.

Dr. Donald Kaberuka, Chairman of the SouthBridge Group and former President of the African Development Bank Group, shared insights on how the world, and more specically, Africa, can work towards net-zero emissions during the Global Economic Ideas Festival 2022, hosted by the Institute of Certi ed Chartered Economists (ICCE).

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The ICCE provides the world's foremost and most prestigious Chartered Economist qualication.

According to Dr. Kaberuka, the rst step is to close the continent's energy poverty gap. This, according to him, will require more innovative nancing than what we have seen in the recent past.

"I want to focus on what’s critical for us as Africans, which is playing our part in getting to net zero emissions. We must keep in mind that over 600