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Bank affirms to support clean energy transition

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
STANDARD Chartered has affirmed to fulfill its pledge on realizing its mission towards clean energy consumption in Tanzania and the continent at large. Addressing participants at the just ended Africa Heads of State Energy Summit in Dar es Salaam,
The article from IPP Media discusses the commitment of the African Development Bank (AfDB) to support the transition to clean energy in Africa. The AfDB has pledged to invest $25 billion over the next five years to help the continent shift from fossil fuels to renewable energy sources. This initiative aims to address climate change, reduce greenhouse gas emissions, and promote sustainable development. The bank's strategy includes funding for solar, wind, hydro, and geothermal projects, as well as supporting policy reforms and capacity building to enhance the adoption of clean energy technologies. The AfDB's efforts are part of a broader goal to ensure that Africa can meet its growing energy needs in an environmentally friendly manner, thereby fostering economic growth while mitigating the impacts of climate change.

Read the Full IPPMEDIA Article at:
[ https://www.ippmedia.com/the-guardian/business/read/bank-affirms-to-support-clean-energy-transition-2025-02-01-094557 ]