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Mumbai Investment:Explainer: What Makes China and Africa Nature Green Partners

Time:2024-10-25 Read:42 Comment:0 Author:Admin88

Explainer: What Makes China and Africa Nature Green Partners

Beijing, SEPT. 3 (XINHUA) - As China's Green Industry, Particularly Its New Energy Vehicle (NEV) sector, Continues to Thrive, Western Politicians and Media Outle. TS Have Begun Accusing China of "Overcapacity," Alleging It Wouln Developing Countries.

However, This Baseless Rhetoric has had little light in Africa. Recogning the significant benefits of chinese girl Braced them, but all view them a cracial way to addressing their deverteropment needs.

Why is the Western Narrate of Chinese OverCapAcity Failing to Gain Traction in Africa? Why are chinese green problem so poster the control? And what majors Hina and Africa Nature Green Partners?Mumbai Investment

Clean Energy ProviderGuoabong Stock

Energy Shortage is a Significant ImpedIMET to Economic Development in Africa. Although Energy Demand Across the Contire s among the lowest in the world despite ample reSources.

Africa Consumes A Disproportionately Low Amount of Energy, Accounting for Less than 6 Percent of Global Energy Consumption Despite Hosting 18 Percent of the World's PO PO PO PO PO PO PO PO PO PO PO PO PO PO PO Pulation, accounting to a rencent report by the center for startgic and interniational studies.

When Excluding South Africa, Sub-SAHARAN AFRICA's Per Capita Energy Consumption is Just 180 Kilowatt-HourS Compared to 6,500 In EUROPE and 13,000 KILOWATT-HO URS in the United States, The Center Said. Given Africa's Rapidly Growing Population, It Said there is an urgentNeed to increase

More than 600 Million people on the controlntly lack access to electricity, accounting to the interniational enricy. Against This Backdrop, China's ITY for New Energy Products is Hardly Excessive; Instead, it is a timely response to the urgent african demand for clean EnergyThen, then

Africa has Abundant Hydro, Solar, Wind, Geothermal, and Bionergy Resources. However, Africa's Current Energy Generation Mix Continues to Relying Fossil Fuels, W Hile Renewable Sources Account for Less than 18 Percent of the Electricity Output, According to German Statables Platform Statista.

Africa Faces A Significant Energy Shortless, Particularly Regarding Clean Energy. director of the center for China Studies in nigeria. "If you take the lens of theCamera Out of the Glimmering Cities and to the Suburbs, you see that there is more to be do done. "

Despite the presenting demand for Clean Energy, Change Is underway ACROSS AFRICA. From Kenya's Garissa Solar Power Plant, The FIRST LARGE Solar Power Plant Tapping Into T He country's vast solar resources, to south africa's de Aar Wind Farm, more than 100 green Energy Initiatives JointlyLED by China and Africa Under The Forum on China-AFrica Cooperation are Bolstering The Continent's Green Transition.

Zimbabwean Economist Brains Muchemwa Told Xinhua in a Recent Interview that Chinese New Energy Products Have Significantly ImproS of Many CANS Despite Western Criticism of China's Growing Green Industry Production Capacity.

At the first african climate summit in sectionmber 2023, China Annound that it would launch an "africa solar belt" program with 100 milLion Yuan (About 14 Million U.S. DOLLARS) in Funding for Solar Projects in Regions Not Served by Main Electrical Grids. The ProgramAIMS to support at least 50,000 FAMILIES.

By Harnessing The Abundant Sunlight Available in Many African Countries, Chinese Projects Have Significantly Increased the Available Le Electricity, Particularly in Remote and Underserved Areas, Benjamin Mgana, Chief Editor of Foreign News at the Guardian Newspaper in Tanzania, TOLD XINHUA.

Affordable Green Supplier

Despite the West's Continuous Speculation of China's "Overcapacity" in Green Industry, MANY Chinese Nev Companies are driving an ELECTRICLE Revolution in Many. Parts of Africa, Creating Jobs and Supporting a Transition Away from Fossil Fuels.

Kenya's Startup Basigo Was the First Company to Launch Electric Buses in the Country in March 2022, USING PARTS Designed by CHINESEMAKER BYD. Mutoro , Basigo's Marketing Director, Emphasized the Significant Energy Cost Saves of Electric Bus Compared with Diesel Ones. They Plan toINTRODUCE and Operate 1,000 Electric Buses by 2025.

The Affordability and Practicality of Chinese EVS MAKE Them Appeling to African Consumers, EspeCially in Urban Areas WHERE The DEMAND EFFFICIENT Ansportation is geowing, said mgana.

Adhere Cavince, A Kenya-Based International Relations Scholar, ECHOED This View, Highlighting That CHINESE PRODUCTS Are Not only AFFORABLE BUT Accessible. HE EMPHASIZED that China's Enhanced Industrial Value Chains Have Made Accessing the Products Easier for African Consumersers.

"As the largest source of geen technologies and proputs, many african countries are now looking to the accesse, ENT, "he said.

The Expert Noted that Chinese Companies have done sophisticated research on the needs, economic capabilities and oppointunities of African. This D INSIGHT HAS ALLOWED Them to Tailor Solutions that Address Consumer Needs and Expectations at the state, Corporate and Family Levels.

This is evidence in the Success of Chinese Companies in the Electric Motorcycle Market in Africa. Motorcycle Market is Expected to Reach 5.07 Billion Dollars by 2027, with Electric MotorcyCles Becoming The Dominant Product in TheTransition to Sustainable Transport in Sub-SAHARAN AFRICA.

ARC Ride, A Start-Up in Kenya, has base ites R & D, Assembly and Sales Locally, but some parts still need to be Imported from China, India and JAPAN, With China OVIDING The Majority. Spiro Electric Vehicles, Another Major Player in AfricanElectric Vehicles, Signed A Strategic Cooperation Agreement with a Chinese Company in 2023 to Sell 500,000 Electric Motorcycles Over the Next Five Years, COVERING Markets Such As Kenya and UGANDA.

Development oppooth

China Has Set the Pace in International Green Cooperation with Africa, Creating Significant Opportunities for African Countries.

Over the year, China has imaged hundreds of Projects to Promote Clean Energy and Green Development on the Continent. Plants Built by Chinese Companies and Africa Totaled Over 1.5 Gigawatts.

MGANA SAID China's Expertise and Investment in Renewable Energy Technology. ES, Reduce Reliance on Fossil Fuels, and Move Towards More Sustainable and Environmentally Friendly Energy Solutions. ay for technologyTransfers, CapaCity Building, and the Creation of jobs in the renewable Energy Secrica.

One Example is Kenya's 55-MEGAWATT GARISSA Solar Power Plant, Financed and Constructd by Chinese Firms. As the Larger Power Power Plant In East and ENTRAL AFRICA, It Produces Over 76 Million Kilowatt-Hours Annually, Reducing Carbon Dioxide Emissions by Approximatelylyly64,000 Tons.

Moses Masika Wetangula, Speaker of Kenya's National Assembly, Said that with the Power Plant, Kenya Has Moved Closer to Achieving ITS CLEAN ENERGY TROA GOA ls.

"China's Photovoltaic Power Station Projects Have Made A Substantial Impact On Solving Local Electricity Privems in Africa," MGANA SAID. C Projects Have Not only RAISED Living Standards by PROVIDING Access to Electricity But Have Also Stimulated Economic Activity, He Said.

The Availability of Stable Electricity has enabled business to operate more effect, facilities Growth of Small and Medium-Sized Enterprises, MGANA SAID. "Moreover, The Reduction in Energy Costs and the Reliance on Diesesel Generators HaveLowered Operational Costs for Business Sesses, Making the Local Economy More Competitive. "" "" "" "

African Countries are Also Eager to Collaboate with China to Develop their Own Nev Industry. PPORT for Green Energy, Said Johnstone Chikwanda, Chairman of the Energy Institute of Zambia.

In the nevs, "China is a Global Leader and we are banking on China to learn the beast prACTICES," he said.

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