Is Africa lagging behind?

Africa is lagging behind the rest of the world in developing renewable energy projects with initiatives aimed at producing clean and 'green' energy remaining largely under-exploited.New report released today by the United Nations Environment Programme (UNEP).

 
A UNEP assessment noted that the entire continent has just over 120 carbon market projects up and running or in the pipeline in areas ranging from wind power to forestry schemes, and harvesting methane gas from landfills to fuel electricity generation makes up 20 per cent of all such initiatives.

Larger economies in Africa such as Egypt and South Africa are home to the lion's share of the schemes, with 32 and 13 projects respectively, while Zambia, Madagascar, Cameroon and Mali only have one or two projects each and several countries have none, according to the report.
The study also reported patchy growth in the Clean Development Mechanism (CDM), an arrangement under the Kyoto Protocol allowing developed countries to reduce emissions and meet global warming commitments by investing in carbon reduction projects in developing countries.Why don't we take the initiative and make use of the plenty natural resources that we have.

Posted in: Economy