Africa needs $2tr for green manufacturing, McKinsey says

Africa’s lack of industrial development puts it in a strong position to develop low-carbon manufacturing without the costs of transitioning from fossil fuel-based factories, McKinsey & Co. said. In the process of striving toward net-zero emissions by 2050, the continent could create a net 3.8-million jobs, McKinsey said in its Africa’s Green Manufacturing Crossroads report, which was partially funded by the UK government and released Monday. However, to hit that level would require investment of $2-trillion in manufacturing and power.