African Energy - Africa's Next Global Climate Summit

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The next global climate summit, cop 27, will be held in egypt in november. It's being seen as an opportunity for african countries to make a big push on clean energy investment. The report outlines 80 % of the new generaton capacity required by 20 30 to come from solar, wind, hydro electric and geothermal. But it also argued in favour of an increase in africa's production of natural gas.

US stocks stay fairly flat after Fed Chair Jerome Powell testifies in Congress, a Ukrainian-made drone hits an oil refinery in Russia, and the International Energy Agency says investing $25 billion annually could lead to universal electricity access in Africa by the end of the decade.

Mentioned in this podcast:

Jay Powell warns US recession is ‘certainly a possibility’

‘Kamikaze’ drone strike hits oil refinery in southern Russia

Africa needs $25bn a year of investment to boost energy provision, says IEA chief

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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