At the just concluded COP 22 Climate Summit in Marrakesh, Morocco, the African Development Bank (AfDB) reiterated its support of the Africa Renewable Energy Initiative. The goal of the initiative is to unlock Africa's renewable energy potential to deliver 10 GW of electricity by 2020 and 300 GW by 2030. The AfDB president looked forward to the G7 countries COP 21 committments to provide $10 billion towards the initiative. Find out more. More about AfDB in this BRIEFING.
"The reason why Africa exports raw unprocessed materials is simple: Africa does not have electricity. Lack of access to power has pushed Africa down to the bottom of global value chains. Africa must "power up" itself to add value to what it produces, speed up industrialization and move to the top of global value chains" - AfDB president Akin Adesina
Remarks by Dr. Akinwumi Adesina, President of the African Development Bank, at Africa Day, COP 22, November 16, 2016, Marrakesh, Morocco
African Development Bank, 16 November 2016
Your Excellencies, ladies and gentlemen! Read more »
COP22 : Africa's Climate Opportunity: Adapting and Thriving see more »
Africa's Renewable Energy Revolution Must Engage Public and Private Financing Partners to Break Down Economic, Political and Social Risks, Experts Agree
African Development Bank, 17 November 2016
At the UN's global climate conference this week, governments and development partners came together to examine the role of financing in shaping some of Africa's groundbreaking… Read more »
In the video below of a discussion on "How Energy Can Spark Global Prosperity," the African Development Bank (AfDB) president Akinwumi Adesina says "ten years is the timeframe. We ... Read more »
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