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The bank, a partnership between Afreximbank and the African Petroleum Producers Organisation, is meant to help plug a funding gap in Africa amid pressure on major banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects. The bank is set to start operations this year with an initial $5 billion.
The developed world’s industrialisation was not right, it resulted in high carbon emissions. Africa must have a cleaner industrialisation. One of the region’s biggest issues is deforestation because most people need wood and charcoal for cooking. If we can move towards clean cooking, deforestation rates will decline.
In a new report UNITAR said some 62 million tons of “e-waste” was generated in 2022, enough to fill tractor-trailers that could be lined up bumper to bumper around the globe. It’s on track to reach 82 million tons by 2030. In Africa, which generates the least of any of the five big global regions, recycling and collection rates hover at about 1%.
@60 Decibels
60 Decibels, a leading social impact measurement company, is proud to announce the publication of Why Off-Grid Energy Matters 2024, the world’s most comprehensive impact assessment of the off-grid sector to date.

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