M a r k e t N e w s

France to invest in clean energy projects in Africa

Posted on : Friday , 11th December 2015

France has revealed its plans to spend “billions of euros” on renewable energy and environmental projects in Africa over the next five years 

hydelproject GiselaGiardino flickrFrance is keen to develop clean energy projects such as solar, wind and hydro in Africa. At the ongoing climate change summit COP21 in Paris, President Francois Hollande said that his government is planning to double investments in clean energy production, which could include wind farms, solar power and hydro projects. Though Africa produces considerably lesser number of greenhouse gases, the continent at large is vulnerable to the devastating effects of climate change. Aside from investing in clean energy projects, France is also seeking to invest around US$1bn in Africa’s issues with desertification and tackle climate change-related challenges to the environment. Lake Chad, a primary source of water to Chad, Cameroon, Nigeria and Niger, faces a host of problems mainly due to pollution. One of the projects being planned for Africa includes the protection of the lake, which many believe is slowly disappearing due to rapid overuse. Another project, dubbed the Great Green Wall, will focus on creating pockets of trees to revive the soil. The project was initially intended to create a barrier of trees stretching from Sahel, West Africa to the Sahara Desert in the eastern part of the continent. The reason France is directing investments towards Africa, specifically to its former west African colonies, is because the country has significant security interests, stated a report in Reuters. Meanwhile, African leaders want the biggest polluting nations to commit to financing as part of contributions to an internationally administered Green Climate Fund, that hopes to dispense US$100bn a year after 2020 as a way to finance the developing world's shift towards renewable energy.
 

Source : africanreview.com
Featured Companies
  • dubaiexporters.com

Complete List  

Advertisers in previous issue:

  • Save your power bill by instaling servo voltage stabilizer.
  • Industrial  machinery
  • Manufacturer of auxiliary equipments
  • Used Machinery
  • Luminous Power Technologies Limited is a leading company with a differentiated portfolio of solutions for packaged power, diversified generation, electrical control & safety and energy optimization.
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • Ravi Enterprise is a professionally managed organization, established as a reliable source of industrial heaters.
  • Pumps for dewatering, ground water control, sludge and slurry handling.
  • We have been at the forefront of plate heat exchanger technology.
  • Pumping solutions, a technological potential.
  • Suppliers of generators for every application
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  • Producing numerous types of welding consumables and welding machines for both the domestic and international market
  • Catering for the most varied industrial storage requirements.
  • Mini plants of toilet paper rolls production
  • A world leading name in Heat Transfer Technology
  • Multi feedstock batch processing biodiesel equipment
  • Seco actively contributes to improving your productivity and competitiveness in metal cutting machining.
  •  SOVEMA is the worldwide leading supplier of machinery for lead-acid battery production.
  • Lavorwash is a world-leader in manufacturing high pressure cleaners and vacuum cleaners for household and professional use.
  • Sonmez Makina Ltd. is a manufacturer and exporter company for filling systems of domestic use LPG cylinders.
  • Anya energy limited is accredited with ISO 9001 certification for Quality Management System and our products are recognized and certified by Bureau of Indian Standards
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • We offers high quality, Competitive price and satisfied service always
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade