You are here
Climate Finance Bimonthly Newsletter - Issue N°29 - January-February 2015
ACCORDING TO Africa Energy Outlook, by 2040, almost half of Africa's growth in electricity generation will come from renewable energy resources. Responsibly and efficiently harvesting the continent's renewables to make this a reality is however, costly. Climate finance is therefore key to unlocking the continent's potential in this arena.
AS A SIGN OF ITS COMMITMENT to energy generation from renewables in both the mid- and long-term, AfDB is an implementing agency of the Clean Technology Fund (CTF) and the Scaling Up Renewable Energy in Low Income Countries Program (SREP) ‒ funding windows for the international Climate Investment Funds for middle and low income countries respectively.