Finance ‘sea change’ needed for Africa to meet $190bn/y energy investment goal

Achieving Africa’s energy and climate goals by 2030, including universal access, will require a more than doubling in energy investment this decade, rising to a yearly rate of $190-billion from 2026 to 2030, a new International Energy Agency (IEA) report shows. It will also require the connection of 90-million people a year, triple the rate of recent years, if Africa is to deliver modern energy services to the 600-million people who currently lack access.