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Renewable Energy: What Has Africa Accomplished Thus Far?

by esi-africa.com posted 2years ago 4159 views
<p>Besides biomass and wind, which date deep into human history, renewable energy has always been viewed as an alternate power source, but it was only in the 1970s that it took a formidable shape &ndash; with Africa trailing behind.</p> <p>Finance and investments are amongst the vital arsenal for further rollout of renewables. The United Nations Economic Commission for Africa (UNECA) corroborates that Africa needs US$20 billion per year to achieve universal electricity access by 2030; such comprises 60% of the global demand. Unfortunately KPMG argues that the &ldquo;biggest challenge in most countries of the [African] region has been the subsidised tariff structures for electricity&rdquo;, which raises the risk of disincentive for new private investment.</p>

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