France, Germany promise money for clean development in Africa

At climate conferences, developing countries tend to call for money from industrialized ones – money to help them grow without increasing greenhouse gas emissions. On Tuesday, such support was put in concrete terms.

Two billion euros, that’s how much France wants to give to African nations over the course of the next four years. Germany says it is mobilizing three billion euros, also up until 2020. All this is earmarked for developing renewable energies in Africa, and comes as part of an endeavor by the seven biggest economic powers (G 7), initiated by the African Union.

By 2020, renewable energies are supposed to generate ten gigawatts of electricity. This is to be increased to 300 gigawatts by 2030. Read More…

 

France, Germany promise money for clean development in Africa

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