Weak climate targets from UK banks means that they are at risk of missing out on the “enormous opportunity” of Africa’s renewable energy revolution, financial experts have told The Independent.
Rapidly falling costs for solar, wind and battery technologies — propelled by large-scale, low-cost manufacturing in China — have accelerated the decarbonisation of electricity systems worldwide. This shift is now extending to Africa, a region that has historically struggled to attract investment because of perceived risks.
