African Union Introduces $20 Billion Renewable Energy Plan
- Seeks to install at least 10 gigawatts of clean power by 2020
- African Development Bank to be trustee and host of unit
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The African Union, an alliance of 54 countries, announced a plan to mobilize $20 billion to develop at least 10 gigawatts of renewable energy on the continent by the end of the decade.
The African Renewable Energy Initiative was announced Tuesday at the United Nations climate summit in Paris. It will be hosted by the Abidjan, Ivory Coast-based African Development Bank, which will also act as a trustee, according to Alex Rugamba, director of energy, environment and climate change at the AfDB.