Consulting company McKinsey called the advantage of Africa in front of Europe in the save of the planet. According to the organization’s report, the lack of industrial development puts continent to stronger positions to create low emission production. Countries do not have to spend money on the transition from enterprises working on fossil fuel to environmentally friendly companies.
According to McKinsey researchers, almost four million jobs can be created on the continent due to the desire for zero emissions by 2050. But to achieve environmental goals will require investments in the amount of two trillion dollars. Money will go to the creation of industrial industries in the region and the development of new technologies to ensure electricity. McKinsey reported that 600 billion dollars will need for decarbonization of existing enterprises, and 1.4 trillion is necessary for new companies. The most promising for the development of the technology region is the capture of carbon from the atmosphere and the production of “green” hydrogen.
“Africa has the opportunity to not create technologies with a high level of emissions and immediately go to the production sector with a low level of carbon emissions,” said McKinsey senior partner in Nairobi Cartik Jayram. – Africa can avoid future costs, as it will cost without expensive Transition from fossil fuels to renewable energy sources. “
However, without any obligations on the decarbonization of Africa, on the contrary, double emissions of almost up to 830 carbon dioxide megaton by 2050. “To change this trajectory, you will need decisive actions,” said McKinsey.
In 2009, the rich states agreed until 2020 to collect $ 100 billion annually into the fund assistance fund to combat climate change. However, earlier in September, the organization of economic cooperation and development (OECD) reported that it was not possible to fulfill this plan. Most of all happened to gather in 2019 – 79.6 billion dollars.