IFC and Ivory Coast Government Release Roadmap Toward Renewable Energy Goals By 2030 – BusinessGhana News



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The IFC, a member of the World Bank Group, and the Ivorian Ministry of Petroleum, Energy and Renewable Energies today published a study of the road map defining the objectives of the national production. "Unlocking Private Investment: A Roadmap to Achieving the 42% Renewable Energy Target in Ivory Coast By 2030" is the Fruit of the "Private Investment. an in-depth dialogue among more than 100 energy sector stakeholders, including the public, private, civil society and development finance sectors of the country. It addresses a series of challenges and proposes solutions that will help Ivory Coast to reach its NDC target with the support of the government and other actors.

The NDC commitments made by countries during the Paris 2015 agreement have generated enormous opportunities for climate-smart investments in various sectors. According to a recent IFC study, these CDNs represent an estimated global investment potential of $ 23 trillion. The Ivory Coast aims to be an economic engine for West Africa as well as a pioneer for scaling up renewable energy technologies. It is the first country to badyze its own commitments in order to identify private sector investment opportunities

Alzbeta Klein, Director of IFC and Director of IFC Climate Business, said : "The Ivory Coast aims to be an economic engine for the West. Africa as well as a pioneer for scaling up renewable energies. With the right government policies in place, achieving the goal of renewable energy in its entirety can create an investment opportunity of $ 9 billion by 2030. "

Thierry Tanoh , Ivorian Minister of Petroleum, Energy and Renewable Energy. The roadmap is an innovative tool to attract more investors in the renewable energy sector. With the support of IFC and other partners involved in this process, we can clearly identify effective policies, frameworks and processes to stimulate the development of renewable energies in Côte d 'Ivoire. "

The road map also focuses on Ivory Coast's goal of achieving near universal energy access by 2020. The next Roadmap stages include the development of a platform for ongoing engagement among stakeholders. "IFC will continue to work with the private sector, the Ivory Coast government and the United States. other development partners to facilitate this dialogue

IFC plays a key role in promoting private sector climate solutions In fiscal year 2011, IFC invested more than $ 3.8 billion in long-term financing in climate-smart sectors, ranging from renewable energy production to energy efficiency, including climate-smart agribusiness and green buildings.] [19659002]

About IFC [196590] 02]
IFC, a member of the World Bank Group, is the world's largest private-sector development institution in emerging markets. Working with more than 2,000 companies around the world, we use our capital, expertise and influence to create markets and opportunities in the world's most challenging regions. During fiscal year 17, we achieved a record long-term financing of $ 19.3 billion for developing countries, leveraging the power of the private sector to help end poverty and foster shared prosperity.

Since 2005, IFC has invested more than $ 18 billion in long-term financings in climate-smart industries, ranging from renewable energy production to energy efficiency. energy efficiency, through climate-smart agribusiness. For more information, visit www.ifc.org

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