Ghana cuts net-zero target by 10 years with $550b new energy transition plan

Ghana plans to meet its net-zero emission target much earlier than expected, with a new energy transition and investment plan expected to open $550 billion worth of opportunities for investors.

The country’s existing Energy Transition Framework previously set a target of net zero by 2070, but this new plan shows Ghana has increased its ambition and is targeting net zero by 2060.

The new Energy Transition and Investment Plan sets the tone for investments in the sector that will drive sustainable development in Ghana.

If fully achieved, the plan would generate 400,000 net jobs within Ghana’s economy, according to the investment document.

“This plan is a testament to our dedication to fostering green industries, nurturing the evolution of cutting-edge low-carbon technologies, and propelling our nation towards a sustainable industrial revolution while giving equal growth opportunities to men and women,” said President Nana Akufo-Addo

The plan marks Ghana’s commitment to fighting climate change and fostering economic development in tandem.

By Ekow Quandzie

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