An integrated policy framework built around the energy transition could bring a wave of new sustainable energy investment to Africa, growing the continent’s economy by 6.4% by 2050, according to an analysis published by the International Renewable Energy Agency (IRENA) in collaboration with the African Development Bank (AfDB).
“Renewable Energy Market Analysis: Africa and Its Regions” shows that Africa is “prospering significantly” from development enabled by renewables, while greatly improving energy access and offering profound welfare and environmental benefits to people across the continent.
