Increasing funding incentives for renewable projects could help countries reach net-zero goal - Africa50 CEO
At a panel organized on the sidelines of Atlantic Council’s Global Energy Forum, CEO Alain Ebobissé highlighted the types of innovations and incentives required to power Africa’s just transition to net-zero.
He highlighted the need to extend the loan maturities for hydropower projects, explained the financing mechanisms available to increase investments in green projects, and touched on ways Africa can leverage its ample natural gas reserves to retrofit the continent’s HFO and diesel power plants, which cumulatively are over 46GW of installed capacity.
Other speakers on the panel included officials from the White House, GE Gas, Siemens and the World Nuclear Association. The Global Energy Center also released the 2022 edition of its flagship Global Energy Agenda publication, featuring insight from some of the top energy leaders around the world.