Zainab Usman is a senior fellow and director of the Africa Program at the Carnegie Endowment for International Peace in Washington, D.C. It also recommends steps to orient the policy initiatives to Africa’s development priorities. This paper identifies the implications of the EGD for African countries in seven main areas: agriculture, biodiversity, energy, critical raw materials (CRMs), circular economy, new technologies, and finance. The economy-wide effects of the EGD, however, extend beyond the energy transition. Most prominently, a decline in European demand for fossil fuels alongside rising demand for cobalt, nickel, and other critical minerals for the energy transition will greatly affect global markets and, by implication, the economies of oil-dependent and mineral-rich African countries. Its implications for Africa are multifaceted. Toward this goal, the EGD provides a road map for a socioecological transition to a low-carbon future and the building blocks for a green economic growth strategy. The EGD is a set of long-term policy initiatives that define the European Union’s (EU) climate strategy to reach net zero emissions by 2050 and aim to make Europe the first mover in international climate policy. Continued abuse of our services will cause your IP address to be blocked indefinitely.On July 14, 2021, the European Commission adopted a set of intermediate proposals to cut greenhouse gas emissions by 55 percent from 1990 levels by 2030 as part of a broader European Green Deal (EGD). Please fill out the CAPTCHA below and then click the button to indicate that you agree to these terms. If you wish to be unblocked, you must agree that you will take immediate steps to rectify this issue. If you do not understand what is causing this behavior, please contact us here. If you promise to stop (by clicking the Agree button below), we'll unblock your connection for now, but we will immediately re-block it if we detect additional bad behavior.
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