Event - Financing the Clean Energy Transition in Africa - Gaps & Opportunities 2023
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Title
Financing the Clean Energy Transition in Africa - Gaps & Opportunities 2023
Organizer
ARE and GIZ
Type
Online Seminars
Focus
- Energy Access
- Financing and Business Models
- Renewable Energy
Start
2023/02/08 14:00 PM CAT
End
2023/02/08 16:30 PM CAT
Venue
Worldwide
URL
Description
A clean energy transition potentially ensures vast socio-economic benefits to countries across Africa, especially in sub-Saharan Africa thereby improving access to affordable energy, providing employment opportunities locally, and scaling up energy security. The major challenge towards realizing these benefits is largely due to the lack of flow of investments in the clean energy sector.
African countries have an opportunity to leapfrog fossil fuel technologies to a more sustainable, climate-friendly, and efficient energy strategy that adheres to the Paris Agreement and low-carbon growth. Access to finance can enable a clean energy transition by facilitating socio-economic development in the rural as well as urban communities of Africa.