Africa’s Fossil-Fuel Trap
A Response to “The Divestment Delusion”
In August 2021, Nigerian Vice President Yemi Osinbajo bemoaned fossil fuel divestments, concluding that “the transition must not come at the expense of affordable and reliable energy for people, cities, and industry.”
But far from generating prosperity and stability in sub-Saharan Africa, investments in fossil fuels cause real harm. Decades of fossil fuel development have failed to deliver energy to much of the continent and have built economic models dependent on extraction that have deepened inequality, caused environmental damage, stoked corruption, and encouraged political repression.
Source: https://www.foreignaffairs.com/articles/africa/2022-02-17/africas-fossil-fuel-trap