With the world aiming for a major climate change deal this year, the Africa Progress Report 2015 will show how Africa can turn climate challenges into opportunities by transforming its energy, agriculture and finance sectors.
Africa needs more energy now – and everyone must have access. Energy is vital for economic growth, job creation and reducing poverty.
Africa is likely to need fossil fuels for some time; no industrialized country has developed using clean energy alone. But if African countries seriously commit themselves now to renewable energy sources, such as hydro, geothermal and solar power, they could leapfrog to cleaner energy as they have to mobile telephony – bypassing dependence on high-carbon fuels.
This energy transition must be matched by an agricultural transformation that unlocks the potential of Africa’s smallholder farmers to drive the continent’s development – while enabling them to cope with the multiple threats from climate change.
These transformations in energy, agriculture and climate change adaptation will only happen if Africa receives more international financial support, mobilizes more domestic finance and strengthens its financial architecture. The Africa Progress Report 2015 will look at how African policymakers can maximize all sources of finance, including domestic savings and private capital.
There is plenty of evidence that the right climate change response could also build Africa’s prosperity. The Africa Progress Report 2015 will gather that evidence to make a powerful case for transforming Africa’s energy, agriculture and finance.