Finance
Renewables Need ‘Shock’ to Push Ahead of Fossil Fuels in Africa
- Renewable plans less likely than gas to succeed, study says
- Changes needed to boost green power in Africa this decade
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Fossil fuels are set to dominate Africa’s energy mix unless action is taken to shake up the way renewables projects are developed and financed, according to a new study.
The research published in the journal Nature Energy on Monday found that as electricity generation doubles in the continent by 2030, fossil fuels will maintain about two-thirds of power generation.