Africa's Just Transition

Crystal Orderson shares efforts to transition to a sustainable Africa.

The urgent need to combat climate change has prompted countries around the world to transition away from carbon emissions and embrace sustainable energy sources. In Africa, this transition presents both opportunities and challenges.

Addressing climate change

Governments across Africa are recognising the importance of developing comprehensive plans to address climate change through mitigation and adaptation policies. Collaboration between governments, social partners and financial institutions is crucial in achieving a just transition and ensuring a sustainable future.

“Renewable energy is key to the future of Africa. We need to have sustainable sources. Given that we are endowed with all these minerals, we are key in this transition.” - Crystal Orderson

Renewable energy

Renewable energy holds the key to Africa's future. The continent is endowed with vast potential for solar power, hydropower and wind energy. Private capital inflows into climate-related investments in Africa have reached approximately US$17billion. However, further investment is required to accelerate the transition.

The partnership between RMB and the German development agency, KfW Development Bank, has established a special facility worth R1.3billion to support investment in small and medium-sized renewable energy projects across Africa. This blended funding arrangement is earmarked to provide alternative funding sources for the development of these projects.

East Africa, particularly Kenya, has made significant progress in renewable energy development. Hydropower has played a pivotal role in Kenya's energy mix, contributing to increased electricity access and economic growth. International organisations, such as the European Investment Bank, have provided funding for renewable energy projects and the rehabilitation of existing power stations. The African Development Bank's Green Bank initiative aims to reduce financing costs and mobilise the private sector in supporting sustainable energy projects.

“In east Africa, we see hydropower being one of the big players. As the largest economy in eastern central Africa, Kenya is growing phenomenally, despite having to deal with different climate change challenges.” - Crystal Orderson

While regional and continental initiatives are important, individual African countries must develop tailored approaches to address their specific energy needs and available resources. This involves conducting thorough assessments of energy sources, identifying necessary investments and fostering partnerships between the public and private sectors and international development agencies.

Continued investment, collaboration and tailored strategies are essential to achieving a just transition and mitigating the impacts of climate change. As African countries forge ahead, the path towards a greener future requires determination, innovation and collective action.