COP29: Clean power must offer more hope to wean nations off fossil fuels

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COP29: Clean power must offer more hope to wean nations off fossil fuels - Economic Times

Quick Summary:

Rich nations struggle to offer compelling alternatives, highlighting the need for a substantial global investment in clean energy for developing countries.

To countries still climbing the development ladder, the rapid growth of China and India (which together burn 70% of the world’s coal) looks like an attractive advert for a similar fossil-fired road to wealth.

Gabon, a central African member of the Organization of the Petroleum Exporting Countries, is a case in point.With 2.5 million people, it often receives as much foreign direct investment as the Democratic Republic of Congo, home to more than 100 million.