Q&A: Climate leaders with answers

Tony Tiyou is the CEO of Renewables in Africa, which advises on the clean energy sector.

Q. How can African entrepreneurs fund their green ventures? A. They need to shift focus away from traditional mechanisms. They need to start funding their projects through green bonds, carbon credits and International Renewable Energy Certificates. 

Q. What can African governments do to help? A. Renewable energy investments greatly depend on regulations. African governments need to make long-term policies in their countries. That may include allowing power purchase agreements, promoting skill development, and better tax treatment for importing equipment used in green energy production.

Q. What role do you see for carbon capture in Africa’s green transition? A. South Africa has started piloting this technology but it’s complicated. It can help mitigate climate change, but many projects are not realistic. A lot of CO2 emissions come from transport and heating instead.

Q. What advice would you give an aspiring African entrepreneur? A. They should consider their skills and competency. Establish clear goals and analyse the monetary aspects. Some may decide to indulge themselves in charity activities, while the rest pursue profitable ventures.