Better approaches needed to catalyse investment in the green economy
It is not only about funding, but how the funding is raised and managed; innovative funding models are required
More than 600-million people across Africa lack access to clean, safe and affordable energy. According to the Africa Progress Panel, it will take until 2080 for every African to have access to electricity if we continue as we are. At the same time, Afrobarometer reports that despite high levels of economic growth over the last decade, "lived poverty" remains across the continent, with 74% of respondents reporting going without cash income at least once during the past year. It is statistics like these that the Sustainable Development Goals (SDGs), the UN-driven global development agenda adopted towards the end of 2015, aim to address, with the realisation that our current strategies are insufficient. Building on the Millennium Development Goals, the SDGs work in the spirit of partnership and pragmatism to encourage countries to make the right choices now to improve life for future generations. Crucially, one of the factors they take into account is the essential role of economic gro...
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