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Climate Change and the business opportunities it presents for Africa.
Monday, 22nd November 2010
For decades and even centuries carbon dioxide concentration in the earth's surface has been on the increase. Since the industrial revolution took root in the late 1700s and early 1800s, carbon emissions have been on the increase.
Today, climate change posses a great challenge to humanity. However, at the same time it presents great business opportunities for the African Continent for investment in the energy sector. Such opportunities ranging from wind mills, solar as well as biomass energy. Unlike thermal energy which could be dangerous to our environment, these sources of energy provide an opportunity to mitigate the ever increasing effects of climate change if they are well harnessed.
According to United Nations Development Fund for Women- UNIFEM President Mrs. Almas Jiwani, while addressing a conference in Kampala recently noted that climate change presents business opportunities for better livelihoods especially for the African Continent with vast endowments of solar and wind sources of energy.
Green energy projects like a partnership between Sesam Energetics (a local company in Uganda) and Taylor Biomass Energy (a US based company) not only provide a viable solution to combating climate change, it also works to solve problems of limited electricity supply as well as providing better livelihoods for populations across the African Continent.
By Kayondo Jimmy Emmanuel
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