Renewable energy: France promises Africa €2 billion by 2020
The President of the French Republic, François Hollande, organized a summit – “The Climate Challenge and African Solutions” on Tuesday, 1 December from 9:30 to 11:30 in the side-lines of COP21. This summit brought together twelve African Heads of State, the Chairperson of the African Union Commission, and representatives of several governments and international institutions (World Bank, African Development Bank), discussing solutions to three considerable challenges: access to renewable energy, combating desertification, and preserving Lake Chad.
France promised €2 billion by 2020 for renewable energy in Africa. “France wants to set an example” and show that it does not simply “support African forces” as in Mali and the Central African Republic, said the French President before his African counterparts.
The €2 billion promised for renewable energy will represent a “50% increase on the last five years”, indicated the Presidency. Africa will also receive “a very substantial part” of the overall financial effort made by France to combat global warming, which should itself be increased from €3 billion to €5 billion euros per year by 2020, said François Hollande.
Africa is being hit hard by the consequences of global warming, yet it is responsible for only 4% of global greenhouse gas emissions. “There is an ecological debt that the world needs to pay back to Africa”, said the French President.
The African Union Chairperson, Nkosazana Dlamini-Zuma, called for an “ambitious agreement” as the outcome of COP21, and for acknowledgement of a differentiated responsibility that takes into account the capabilities of all, including developed and emerging countries.