Africa: Colonialism Hijacks Energy Transition – 70 Percent of Minerals for Renewables Lies in Global South but the Majority of Profits Are Captured By the World’s Richest
Although Global South countries hold roughly 70% of transition minerals reserves, the majority of the investments in renewable energy are concentrated in the Global North (50%) and China (29%) – with those profits largely falling into the hands of the richest 1%. In 2024, Latin America received 3% of global clean energy investment, and Southeast…
