Senegal has made a significant commitment to transitioning to a low-carbon economy with the launch of a $2.7 billion Green Deal, aimed at achieving universal access to energy and consolidating a sustainable energy system. This initiative is part of the Just Energy Transition Partnership (JETP), a global effort to support developing countries in their transition to renewable energy.
The partnership, which includes France, Germany, the European Union, the United Kingdom, and Canada, will mobilize $2.5 billion in new and additional financing over an initial period of three to five years, starting in 2023. This investment will enable Senegal to increase the share of renewable energies in its installed capacity to 40% of its electricity mix by 2030.
The Green Deal is expected to bring numerous benefits to Senegal, including job creation, improved energy access, and reduced greenhouse gas emissions. The partnership will also support Senegal’s efforts to achieve its Nationally Determined Contribution (NDC) goals, as outlined in the Paris Agreement.
The success of Senegal’s Green Deal will depend on the effective implementation of the partnership and the mobilization of additional financing. However, with the support of international partners and the commitment of the Senegalese government, this initiative has the potential to transform the country’s energy landscape and contribute to a more sustainable future.
