As the African Development Bank (AfDB) kicks off its first-ever Africa Investment Forum in South Africa, a new report finds that the AfDB’s own support for the most cost-effective energy access solutions lags far behind what is needed – in contrast to its world-leading pledge to scale up energy access on the continent.
Africa
New Report: MDBs Continue to Shortchange Crucial Energy Access Solutions
While the MDBs endorsed the Sustainable Development Goals, this new report shows that from 2014 through 2017, MDBs directed just 2% of their energy finance toward the off-grid and mini-grid energy solutions.
Shortchanging Energy Access: A Progress Report on Multilateral Development Bank Finance
Overall, the MDBs are not financing energy access at nearly a sufficient level to meet the needs of energy-poor communities. Much of the energy access finance that is being provided is being directed to many of the communities that need it most. But even so, energy access is not reflected as a priority for the MDBs.
Report: Public Finance for Energy in Africa Focuses on Fossil Fuels, as Key Energy Access Solutions Are Left Behind
Analysis of the data shows that public finance for energy in Africa focuses on fossil fuels, as key energy access solutions are left behind.
Assessing International Public Finance for Energy in Africa
This report aims to provide a picture of the public finance flowing to energy infrastructure in Africa from fiscal years 2014 through 2016. It covers development finance institutions including multilateral development banks, as well as the national development banks and export credit agencies of the countries providing the most public finance to energy in Africa.
Iconic African Baobab trees dying due to “changing climate”
The iconic giant baobab trees of Africa are dying. And we are most likely to blame
China-Backed Coal Plant in Lamu “On Course” to Go Ahead, Despite Widespread Opposition
A senior Kenyan Diplomat is reported to have confirmed that a highly controversial coal plant will be built near Lamu, the UNESCO World Heritage Island off the northern Kenyan Coast, despite widespread international and local opposition.
Electrifying Africa – But at What Cost to Africans?
Two U.S. initiatives to provide Africans with electricity seem likely to lead to large, climate-polluting projects rather than the locally sourced renewable energy rural Africa needs.