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renewable energy in africa
Science

Can China go green in Africa?

China announced $50bn of new investments in Africa, but concerns remain about how it will address the continent's environmental challenges.

Joe Boateng
Last updated: November 3, 2024 7:47 pm
Joe Boateng - Editor
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In 2023, only about $500 million—or less than 11%—of the $4.61 billion loaned by China to eight African nations was allocated to renewable energy, despite escalating global climate concerns, according to data from Boston University’s Global Development Policy Center. China committed $50 billion for African economic growth at the Forum on China-Africa Cooperation (FOCAC) in September, but the action plan dedicates just one of its 11 points to climate initiatives.

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The $50 billion pledge is distributed as $29.5 billion in credits, $11.3 billion in aid, and $9.8 billion in investment, leaving much of the spending to be decided by private investors. These investors tend to prioritize lower-risk, high-return projects, which often do not include climate-focused initiatives. Consequently, only a fraction of the funding is likely to support environmental projects, with most channeled toward infrastructure and trade.

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ByJoe Boateng
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Seasoned news editor with a passion for decolonization and its impact on global affairs. Unravelling complex geopolitical narratives and present them in a concise and accessible manner. A dedicated advocate for diversity and inclusion in journalism. Actively reaching out, particularly those from marginalized backgrounds, to empower them to tell their own stories and contribute to a more equitable media landscape.
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