simons1_ AMIR MAKARAFP via Getty Images_africa carbon AMIR MAKAR/AFP via Getty Images

Does Africa Deserve Green Aid?

Africa is responsible for only about 4% of global emissions, and the continent’s institutional environment impedes investment in green energy. However counterintuitive, if not outrageous, it may sound, wealthy countries should instead consider boosting investment in Africa’s carbon-intensive industries.

ACCRA – Many in the global development community are pushing for rich countries to transfer large sums of money to developing countries to help them shift to cleaner energy without impeding economic growth. This advocacy raises important economic questions that do not receive enough attention in the mainstream press.