Fast and fair renewable energy for Africa: Lessons from Kenya

Business & Human Rights Resource Centre


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Abstract: Investment in the renewable energy sector is being driven by several key factors,both globally and in Africa specifically. To address persistent energy poverty,states have increasingly adopted policies to incentivise renewable energy installations as cheaper and more accessible options than reliance on fossil fuels. For example,Sustainable Energy for All,UNDP and Husk Power Systems have partnered with Nigeria to help electrify five million homes using mini-grid renewable energy projects. Namibia,together with businesses and governments which have made energy compact commitments as part of the transition,has targeted investment in solar and wind among other renewable energy projects. The African Development Bank Group has committed to aligning its policies with the Paris Climate Accord. Global renewable energy capacity is rapidly building and is expected to increase by 8% in 2022. Given Africa?s rich potential for renewable energy projects and vast resources in critical transition minerals,the continent is expected to witness an exponential growth in investment.

Author:
Joseph Kibugu, Angela Gathuni
Theme/Sector:
Energy and Fuels, Renewable Energy
Year
2022

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