Italy has declared a €5 million contribution to the Sustainable Energy Fund for Africa during the Conference of the Parties (COP28).

Italian Deputy Minister of Environment and Energy Security, Vannia Gava, emphasized the significance of Italy’s €5 million contribution to the Special Fund of the Sustainable Energy Fund for Africa (SEFA), highlighting Africa as a region of paramount importance for Italy’s energy and climate strategies. Gava reiterated Italy’s enduring commitment to advancing sustainable energy initiatives in Africa, citing the longstanding collaboration with the African Development Bank since 2015.

The event, co-organized by Res4Africa Foundation (https://Res4Africa.org) and GSE, centered on “Gearing up Africa’s energy transition by conducive policy and legislative frameworks.” It underscored the pivotal role of private sector investments and technical assistance programs in expediting the sustainable transformation of Africa’s electricity sectors.

Dr. Daniel Schroth ,

Director of the Renewable Energy and Energy Efficiency Department at the African Development Bank, commended Italy’s contribution as a powerful affirmation of its dedication to Africa’s equitable energy transition. He expressed gratitude for Italy’s ongoing partnership, emphasizing how the funding will enhance SEFA’s efforts to provide sustainable and reliable energy access across the continent, fostering economic growth and improving the quality of life for millions.

Italy’s financial commitment aligns with the broader objectives of COP28, particularly the aim of tripling the deployment of renewable energy. The information was distributed by APO Group on behalf of the African Development Bank Group (AfDB).

Contacts:
Media contact:
Communication and External Relations Department
media@afdb.org

Technical contact:
João Duarte Cunha
Manager, Renewable Energy Funds Division, SEFA 
sefa@afdb.org

Source: The Guardian