How can Africa accelerate net-zero transition?

A report by PricewaterhouseCoopers shows that at a decarbonization rate of 12.9 per cent, global emissions can be halved by 2030, and Net Zero achieved by 2050. How can Africa accelerate its net Zero emissions? Rukaiya El-Rufai, Partner at PwC Nigeria, joins CNBC Africa for more.

Tue, 16 Nov 2021 12:05:27 GMT

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AI Generated Summary

Africa accounts for 3% of global emissions but plays a crucial role in combating climate change through a just transition and collective action
Unique challenges such as food security and unserved energy populations must be addressed, while economic benefits and job creation opportunities from green economies are substantial
Critical steps include converting climate pledges into actionable plans, implementing policies and fiscal incentives, and fostering collaboration among stakeholders and with developed nations

Africa is at a crucial juncture in the global fight against climate change. With the goal of achieving net-zero emissions by 2050, the continent faces unique challenges and opportunities on its path to a more sustainable future. A recent report by PricewaterhouseCoopers (PwC) and IJures sheds light on the potential for halving global emissions by 2030 through a decarbonization rate of 12.9%. Rukaiya El-Rufai, Partner at PwC Nigeria, emphasizes the importance of African countries taking proactive steps to accelerate their transition to net-zero emissions. While Africa currently accounts for only 3% of global emissions, the continent must play a significant role in the collective effort to combat climate change. El-Rufai explains that if the G20 countries effectively implement their net-zero commitments, global warming could be limited to 1.2-1.7 degrees, underscoring the need for a just transition that considers the equity principle. Despite the challenges Africa faces, including food security, infrastructure gaps, and unserved energy populations, El-Rufai highlights the economic benefits and job creation potential associated with green economies on the continent. African nations have a unique opportunity to leverage resources, technology, and collaborations to drive sustainability and economic growth. However, the key lies in converting climate pledges into tangible actions. El-Rufai stresses the importance of robust transition plans that consider various scenarios and sensitivities, as well as the need for policies, fiscal incentives, and stakeholder engagement to drive meaningful change. Collaboration between governments, private sectors, and civil society is crucial in mobilizing the necessary resources and expertise to achieve net-zero emissions. The financing landscape and bilateral agreements with developed nations will also play a crucial role in supporting Africa's transition to a sustainable future. As Africa embarks on its journey towards net-zero emissions, it is essential for countries to prioritize climate action, innovation, and inclusive growth to ensure a greener and more prosperous future for generations to come.