Why banning financing for fossil fuel projects in Africa isn’t a climate solution
Payne Institute Fellow Benjamin Attia and Director Morgan Bazilian write about how globally, the top 10% of countries consume 20 times more energy than the bottom 10%. And 1.1 billion sub-Saharan Africans share the same amount of power generation capacity as Germany’s 83 million people. At least half have no access to electricity at all. These stark energy inequalities are fueling thorny debates around financing Africa’s energy future as world leaders and their negotiators prepare for COP26. October 14, 2021.