This STG Talk will shed light on the gaps and opportunities when it comes to financing clean energy transition in Africa with a focus on distributed renewable energy (DRE).
Renewable energy transition is very pivotal to African economies. It has the potential to trigger immense socio-economic transformation in countries across Africa, especially in sub-Saharan Africa thereby improving access to clean, reliable, and affordable energy, providing local employment opportunities while boosting positive outcomes in health, education, and energy security. The major bottleneck to realising these benefits is largely attributed to 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, which is in sync with the Paris Agreement and low-carbon growth. Access to finance can fast-track a clean energy transition by facilitating socio-economic development in the rural, peri-urban as well as urban communities of Africa.
The talk will discuss the gaps and opportunities in the financing of clean energy transition in Africa by addressing the following questions:
- What is the state of play with respect to clean energy financing in Africa?
- What are the existing barriers/challenges to clean energy project development in Africa?
- What are some of the innovative financing instruments that can help close the financing gap?
- What are the conditions precedent to attract financing into clean energy investment in Africa?
Please note this is an in-person event. No zoom link will be provided upon registration.
Please note that this event is part of the EUI Climate Week 2023, which gathers the expertise of all the units of the European University Institute (EUI) working on climate and energy issues, including the Florence School of Regulation and the School of Transnational Governance (STG). Register for the EUI Climate Week here.