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Showing posts from April, 2011

Role of African Development Bank in Promoting Clean Energy

The African Development Bank (AfDB) has supported its member countries in their energy development initiatives for more than four decades. With growing concerns about climate change, AfDB has identified a host of clean energy projects and programs in its pipeline for 2010-2014 to set Africa on a low carbon growth path and develop clean energy systems in the African continent. The AfDB’s Clean Energy Investment Framework aims at promoting sustainable development and contributing to global emissions reduction efforts by using a three-pronged approach: maximize clean energy options, emphasize energy efficiency and enable African countries to participate effectively in CDM sector. The FINESSE Africa Program, financed by the Dutch Government, has been the mainstay of AfDB’s support of renewable energy and energy efficiency since 2004. FINESSE programme has been instrumental in developing a portfolio of sustainable energy projects for the Bank. In addition, the Bank’s Private Secto