BEIJING: Experts are advocating for a stronger partnership between China and Africa to promote sustainable development on the continent, emphasizing China’s potential to help Africa transition to a low-carbon economy through its expertise in green technologies.
The remarks were made at the China-Africa Dialogue on Environment and Climate Change, which was themed “Sino-African Cooperation on Green and Low-Carbon Development: EVs and New Initiative”. The event was organized by the BRI International Green Development Coalition on Tuesday in Beijing.
Arkebe Oqubay, former senior minister and special adviser to the prime minister of Ethiopia, highlighted the synergy between China’s experience in green transformation and Africa’s economic development potential. He noted that Africa currently plays a marginal role in global green transition, with very limited investment in this area.
According to a 2022 report from the International Renewable Energy Agency, only 2 percent of global investment in renewable energy over the past two decades has been made in Africa.
“This means that international inequality is widening. We are seeing a new green divide emerging,” Oqubay said.
Despite this, Oqubay expressed optimism about Africa’s potential for economic prosperity, driven by a growing population, increased urbanization and a burgeoning labor force over the next 25 years.
“Africa is going to have an additional 1 billion people living in cities. Africa is going to have 800 million people joining the workforce,” he said.
Oqubay emphasized the importance of sustainable mobility, renewable energy infrastructure and green financing for Africa’s economic transformation, pointing to China as a key partner in these efforts. He noted that China, which has become a leading global player in green technology within the past 25 years, has the capacity to support other nations in their transitions.
Yang Xi, chief technology officer at China Automotive Carbon (Beijing) Digital Technology Center Co, underscored the potential for China-Africa cooperation to boost Africa’s new energy vehicle market.
He noted that several African countries are already promoting electric cars, motorcycles, tricycles and buses, and some have eliminated or reduced import tariffs on NEVs and introduced tax incentives to encourage growth in NEV production and sales.
Yang also highlighted Africa’s abundant new energy resources, which provide a strong foundation for the NEV industry. He cited a prediction that the market size of electric vehicles in Africa will reach $21.4 billion by 2027, with an average compound annual growth rate of 10.2 percent from 2022 to 2027.
China has the potential to assist African nations in advancing NEV development through support in policy formulation, technological collaboration, fundraising and talent development, Yang said. –The Daily Mail-China Daily news exchange item
