The pandemic and recent crisis have renewed African governments resolved to industrialize their economies. If other regions could mainly rely on fossil fuel to power their industrialization, the continent is well positioned to leverage a mix of fossil fuels and green sources of energy to foster sustainable economic growth and create jobs. Moreover, with the democratization of green technology, lower cost of acquisition and deployment, as well related financing, like the $4.5 billion Africa green investment from the United Arab Emirates (UAE) announced during the Africa Climate Summit in September 2023 in Nairobi, energy efficient industrialization is a more attainable goal. 

This session will highlight the mix of policies, financing and technologies needed to fast-track Africa’s green industrialization while leveraging all the continent’s resources.