“Financing the transition to inclusive green economies comes with a cost and we need to finance this transition with the support of the international community and promoting investment in renewable and environmentally friendly sources of energy,” he added. “We must accelerate the adoption of just and sustainable transitions, which require long-term structural changes and adequate investment,” said Mr. Pedro. African countries, he said, have the ability to create their own solutions to solve their problems. “We have, therefore, a unique opportunity to actively transform our countries by transitioning into inclusive, low carbon, and resource-efficient economies,” he stressed. Second, Africa needs to enhance energy access and affordability – Less than 2 percent of global clean energy investments flow to Africa.

Source: News Business Ethiopia February 29, 2024 14:56 UTC