The African Development Bank (AfDB) has supported its member countries in their energy development initiatives for more than four decades. With growing concerns about climate change, AfDB has identified a host of clean energy projects and programs in its pipeline for 2010-2014 to set Africa on a low carbon growth path and develop clean energy systems in the African continent. The AfDB’s Clean Energy Investment Framework aims at promoting sustainable development and contributing to global emissions reduction efforts by using a three-pronged approach: maximize clean energy options, emphasize energy efficiency and enable African countries to participate effectively in CDM sector.
The FINESSE Africa Program, financed by the Dutch Government, has been the mainstay of AfDB’s support of renewable energy and energy efficiency since 2004. FINESSE programme has been instrumental in developing a portfolio of sustainable energy projects for the Bank. In addition, the Bank’s Private Sector Department, with support from the Danish Renewable Energy Technical Assistance, has compiled a project pipeline comprised of small- to large-scale wind-power projects, mini, small and large hydro-power projects, cogeneration power projects, geothermal power projects and biodiesel projects across Africa. The AfDB’s interventions to support climate change mitigation in Africa are driven by sound policies and strategies and through its financing initiatives the Bank endeavors to become a major force in clean energy development in Africa.