Samaila Zubairu, President and Chief Executive Officer, Africa Finance Corporation and Dr. Vera Songwe, Chairwoman, Liquidity & Sustainability Facility.
Amidst this year’s drought and famine in the Horn of Africa, catastrophic floods in Durban and deadly heatwaves in North Africa, the hopes of a continent fighting a climate crisis rest on the upcoming COP27 in Egypt. As we approach the next COP on African soil, it is critical that African policymakers are clear about the continent’s role in driving global net zero carbon emissions.
Africa is suffering climate change’s most destructive effects. Yet, the continent produces less than 4% of greenhouse gas emissions. Such minimal contribution reflects the fact that at least 75% of the global population without access to electricity live in sub-Saharan Africa. This crippling energy deficit curtails manufacturing and economic development. It also contributes to greenhouse gas emissions through impacts ranging from deforestation to provide wood for cooking, to pollution from transporting raw materials for manufacture overseas.
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