Why it’s so hard to invest in clean energy in Africa

COP27 ended with a historic agreement on loss and damage, but other major challenges remain — including the gap that has long existed between energy needs in Africa and the funding that the continent receives. As the “Africa COP” comes to an end, Akshat speaks with two experts about the continent’s unique financing challenges: Rebekah Shirley, director of research, data and innovation at the World Resources Institute Africa, explains the “chicken and egg problem,” and IFC Managing Director Makthar Diop, who talks about the institution's strategy for reaching $60B in funding by 2025. We’re also joined by Bloomberg News editors Siobhan Wagner and Will Kennedy to discuss what happened on the sidelines of COP27.  Read a transcript of this episode, here. Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim and Stacey Wong. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/greenSee omnystudio.com/listener for privacy information.

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