Senegal and a group of international partners, including France, Germany, the European Union, the United Kingdom, and Canada, have launched a Just Energy Transition Partnership (JETP) on the occasion of the Summit for a New Global Financing Pact. The JETP aims to support Senegal’s efforts to achieve universal access to energy and consolidate a low-carbon, resilient, and sustainable energy system. The partnership will offer significant opportunities for investment from the private sector, sovereign wealth funds, and philanthropic foundations. To accelerate the deployment of renewable energies, international partners and multilateral development banks will mobilize €2.5 billion in new and additional financing over an initial period of three to five years, starting in 2023. The partnership will help Senegal increase the share of renewable energies in its electricity mix to 40% by 2030.
resource: https://esgnews.com/senegal-seals-2-7-billion-green-energy-deal-with-richer-nations/