AfDB defends financing of natural gas power projects

AfDB president Akinwumi Adesina. PHOTO | AFP

The African Development Bank (AfDB) will continue financing natural gas projects despite environmental lobbyists claiming degradation, its president Akinwumi Adesina said.

Although natural gas produces about half as much carbon dioxide (C02) when burned as coal, some critics say that rising production of the commodity is emerging as one of the biggest drivers of climate change and that plans for industry expansion could stifle efforts to stabilise climate.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.