GNN Liberia: Boost Investment in Africa’s Energy for a Triple Win for People, Power and Planet, Annan Report Urges

African governments, investors, and international financial institutions must significantly scale up investment in energy to unlock Africa’s potential as a global low-carbon superpower.

That is the main message of a new report from Kofi Annan’s Africa Progress Panel, Power, People, Planet: Seizing Africa’s Energy and Climate Opportunities (http://www.africaprogresspanel.org). The report calls for a ten-fold increase in power generation to provide all Africans with access to electricity by 2030. This would reduce poverty and inequality, boost growth, and provide the climate leadership that is sorely missing at the international level.

“We categorically reject the idea that Africa has to choose between growth and low-carbon development,” said Kofi Annan, Chair of the Africa Progress Panel. “Africa needs to utilize all of its energy assets in the short term, while building the foundations for a competitive, low-carbon energy infrastructure.”

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