Kenya and three other countries in sub-Saharan Africa could earn as much as Sh30 trillion in investment opportunities in clean energy financing over the next ten years. Read MoreKenya, Nigeria, South Africa and Cote d’Ivoire stand to gain Sh6.3 trillion in investments into grid-scale renewable energy projects, creating 2.2 million jobs. According to the IFC, falling prices of solar, wind and batteries will drive an eleven-fold increase in renewable energy generation globally by 2050. Renewable energy prices have avoided the negative economic impacts of Covid-19 experienced by fossil fuels. “The fiscal implications could be among the most powerful effects of climate change,” said Treasury in its report.

Source: Standard Digital January 26, 2021 21:00 UTC