Executive Summary Locally processing all Africa-mined bauxite into aluminium using renewable energy could generate 240,000 permanent jobs and 1.8 million one-off construction job-years — alongside 220 MT CO₂e in annual emissions reductions and nearly $84 billion in export revenue. Africa currently exports almost all the bauxite it mines. The refining and smelting steps — where…
Executive Summary Africa’s ability to convert its iron ore into green hot briquetted iron (HBI) is emerging as one of the most consequential industrial and climate opportunities of this decade. And while mineral processing features increasingly in African industrialisation discussions, this is the first time the employment potential of green HBI has been fully scoped.…
EU CBAM is the first of a range of anticipated mechanisms that charge import levies based on embedded carbon for specific (emission-intense) products. Introduced as a mechanism to avoid carbon leakage in the EU and to create demand pull for green industrialisation globally, CBAM has caused a lot of noise, concern, and discontent in Africa.…
Carbon markets - What is happening? COP29 outcomes created a UN-governed market, and a baseline that will be used for many future market and rule initiatives. COP29 operationalised two key mechanisms of Paris Treaty Article 6: (i) Bilateral trading- Article 6.2- governing country-to-country carbon trading, which is already being implemented in some contexts; and (ii)…