{"id":38576,"date":"2024-01-09T18:20:10","date_gmt":"2024-01-09T18:20:10","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africas-green-gold-rush-a-277b-annual-investment-opportunity"},"modified":"2024-01-10T18:15:39","modified_gmt":"2024-01-10T18:15:39","slug":"africas-green-gold-rush-a-277b-annual-investment-opportunity","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africas-green-gold-rush-a-277b-annual-investment-opportunity","title":{"rendered":"Africa\u2019s Green Gold Rush: A $277B Annual Investment Opportunity"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Africa requires up to $277 billion in annual finance between 2020 and 2030 to meet its Nationally Determined Contributions under the Paris Agreement, with untapped solar, wind and green hydrogen presenting attractive avenues for foreign capital.<\/p>\n

According to \u2018Climate Investing: The Africa Opportunity\u2019 \u2013 a report released by multinational professional services network KPMG -, the need to ramp up climate finance across the continent has highlighted lucrative investment opportunities in renewable energy, particularly for European investors with high levels of capital and expertise.<\/p>\n

With access to finance representing a major constraint in Africa\u2019s renewable energy industry, the report underscores the growing opportunities for climate financiers. Specifically, Africa\u2019s solar technical potential is measured at 7,900 GW \u2013 more than 1,000 times the current solar generation capacity \u2013 while wind potential is measured at 461 GW, which equates to 100 times the current wind generation capacity. Regarding green hydrogen, Africa\u2019s optimal conditions position it to drive industrialization and contribute to global emission reduction efforts. By 2050, Africa stands to produce a surplus of between 20 million and 40 million tons of green hydrogen per annum.<\/p>\n

In line with global efforts to address climate change, KPMG\u2019s findings align with the urgent need for increased climate finance in Africa. The continent presently receives only $29.5 billion in climate finance annually, significantly falling short of the $277 billion required to meet Paris Agreement commitments. For European investors, the transformative impact of unlocking Africa\u2019s green potential will not only illuminate homes but also foster economic growth and combat climate change.<\/p>\n

Presently, several factors continue to impact energy-related investment in Africa. Africa\u2019s diverse economic landscape \u2013 with 54 countries \u2013 presents challenges, including political uncertainties and currency instability. Infrastructure issues \u2013 like unreliable electricity access and power shortages \u2013 hinder business operations and increase costs, while sub-Saharan Africa\u2019s low per capita energy consumption restricts growth. Addressing these challenges is crucial for unlocking Africa\u2019s green potential, and investors engaging in this opportunity can yield profitable returns.<\/p>\n

As such, the report encourages early movers, showcasing the potential for high returns in Africa\u2019s evolving green market. This perspective becomes especially pertinent with the forthcoming Invest in African Energy forum, scheduled for May 14-15, 2024 in Paris. The second edition of the event will spotlight investment prospects in Africa\u2019s green sector, emphasizing the imperative of closing the considerable funding gap to unlock the continent\u2019s renewable energy potential.<\/p>\n

The Invest in African Energy event in Paris represents strategic platform for stakeholders to delve into these challenges and opportunities, offering a venue for discussions and collaborations on KPMG\u2019s findings that can drive Africa\u2019s sustainable and prosperous future.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Africa requires up to $277 billion in annual finance between 2020 and 2030 to meet its Nationally Determined Contributions under the Paris Agreement, with untapped solar, wind and green hydrogen presenting attractive avenues for foreign capital. According to \u2018Climate Investing: The Africa Opportunity\u2019 \u2013 a report released by multinational professional services network […]<\/p>\n","protected":false},"author":84,"featured_media":38575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233,245,241],"class_list":["post-38576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-mauritius","tag-mauritius"],"yoast_head":"\nAfrica\u2019s Green Gold Rush: A $277B Annual Investment Opportunity - Mauritius<\/title>\n<meta name=\"description\" content=\"Africa requires up to $277 billion in annual finance between 2020 and 2030 to meet its Nationally Determined Contributio ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africas-green-gold-rush-a-277b-annual-investment-opportunity\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa\u2019s Green Gold Rush: A $277B Annual Investment Opportunity\" \/>\n<meta property=\"og:description\" content=\"Africa requires up to $277 billion in annual finance between 2020 and 2030 to meet its Nationally Determined Contributio ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africas-green-gold-rush-a-277b-annual-investment-opportunity\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-09T18:20:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-10T18:15:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/01\/sm_1704812418.995228.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africas-green-gold-rush-a-277b-annual-investment-opportunity#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africas-green-gold-rush-a-277b-annual-investment-opportunity\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Africa\u2019s Green Gold Rush: A $277B Annual Investment Opportunity\",\"datePublished\":\"2024-01-09T18:20:10+00:00\",\"dateModified\":\"2024-01-10T18:15:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africas-green-gold-rush-a-277b-annual-investment-opportunity\"},\"wordCount\":448,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africas-green-gold-rush-a-277b-annual-investment-opportunity#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/01\/sm_1704812418.995228.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Mauritius\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africas-green-gold-rush-a-277b-annual-investment-opportunity#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africas-green-gold-rush-a-277b-annual-investment-opportunity\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africas-green-gold-rush-a-277b-annual-investment-opportunity\",\"name\":\"Africa\u2019s Green Gold Rush: A $277B Annual Investment Opportunity - 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