Senegal to Commit to $2.7 Billion Green Transition Plan
- Negotiations had been slowed by change of government
- Head of French bank says Senegal may develop investment plan
The Senergy Santhiou Mekhe solar plant in Thies, Senegal.
Photographer: Xaume Olleros/BloombergThis article is for subscribers only.
Senegal will recommit to a €2.5 billion ($2.67 billion) program to reduce its reliance on fossil fuels in coming weeks, a key funder said.
Negotiations over the pact — a so-called Just Energy Transition Partnership — with some of the world’s richest nations had been slowed by a change of government in Senegal this year. A commitment to the deal, in the form of an investment plan, is now expected, said Remy Rioux, the chief executive officer of France’s state development bank.