U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with how to power their development with clean energy.
"We are not saying no gas," Kerry told Reuters on the sidelines of an African environment ministers' conference in Dakar, Senegal, on Thursday.
Continued financing of oil and gas projects in Africa has become a key issue for the countries, which they plan to push during a United Nations climate summit in Egypt in November. African countries argue that they need investments to develop their energy resources, including oil and gas, and a pledge by developed nations including the United States last year to curb investments in fossil fuels, was unjust.Kerry said the question now is how to help the nations, which account for only a small amount of carbon emissions, develop without making mistakes that others made, enabling them to be as green as possible without creating more problems.
Kerry said such long-term projects likely would not recoup their investments within 10 years, adding that some countries are talking of projects with lifespan as long as 40 years, which was not necessary.
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