Why is the African Development Bank eager to launch a new framework for clean energy investment?
This framework is the AfDB’s response to the request of the G-8 as well as to the concerns of the African leaders about climate change and energy scarcity. It represents a comprehensive framework for dealing with the challenges of increasing energy access and making maximum use of clean energy options in Africa. It deals with the key issues, challenges, opportunities as well as the resource requirements and the role the Bank will play in expanding energy access and developing clean energy, thus contributing to global climate change mitigation efforts. AfDB’s approach to Clean Energy Development advocates a three-pronged approach: maximize clean energy options, through renewable energy and clean technology; emphasize energy efficiency; and enable African countries to participate effectively in carbon credit markets by meeting the requirements of the Clean Development Mechanism (CDM). Q: What is the potential for clean energy in Africa? There is a lot of untapped potential of clean energ
