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The African Energy Commission (AFREC) has announced plans to mobilise about US$3 billion to finance energy efficiency projects under the African Energy Efficiency Alliance (AEEA), which will be launched during a conference in Addis Ababa, Ethiopia.
AFREC Executive Director, Rashid Ali Abdallah, said the African Energy Efficiency Alliance is a collaborative platform launched by the African Union Commission at COP29 in Baku, Azerbaijan, to promote energy efficiency across the continent.
He spoke to Zambia Monitor on the sidelines of the second day of pre-training for the Africa Energy Efficiency Conference, slated for 10–11 December in Addis Ababa.
“These funds will be used to support pro-Africa member states, pan-African institutions to implement energy-efficient projects and advocacy using the African Energy Efficiency Strategy and Roadmap (AfEES),” Abdallah stated.
The African Energy Efficiency Strategy and Roadmap (AfEES) identifies 137 ambitious actions for energy efficiency to be implemented by member states once fully adopted.
Read More: AFREC calls for stronger policy capacity to drive energy efficiency in Zambia (video)
Abdallah noted that strategic partnerships between African governments, member state institutions, and financial institutions will be critical for successful implementation.
“This is the reason the African Energy Efficiency Alliance is the platform to bring all actors on board and ensure that African countries implement energy efficiency projects which will help to save energy and contribute to provision of electricity to those who do not currently have access, especially in rural areas,” he said.
Abdallah added that the Alliance would serve as a financing vehicle for all energy projects among member states.
The platform aims to bring together regional renewable energy and energy efficiency centers, regional economic communities, governments, development partners, the business community, NGOs, research institutions, and other stakeholders.
“This is to champion energy efficiency knowledge and experience sharing, advance advocacy and awareness, conduct research and development, facilitate technology transfer, and attract funding and investment for energy efficiency programmes,” he said.
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