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Citizen TV

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Role of financial institutions in acceleration of Africa's renewable energy program

The urgent need to combat climate change has thrust renewable energy into the global spotlight. As governments, businesses, and individuals grapple with the challenges of reducing carbon emissions, the role of financial institutions in supporting and propelling the renewable energy transition is becoming increasingly prominent. The financial services sector, with its financial power, extensive networks, and ability to drive systemic change, has a unique opportunity to be the catalyst that accelerates the pace and scale of this critical transition. Financing is undoubtedly one of the most significant contributions that can be made to the renewable energy transition agenda, by assisting in overcoming the financial barriers that frequently impede the development and deployment of clean energy solutions by providing capital for renewable energy projects. Financial institutions are helping to build solar farms, wind parks, geothermal facilities, and other renewable energy infrastructure by providing loans, bonds, and other financial instruments. This funding allows projects to move forward, accelerating the transition to a low-carbon economy.https://www.citizen.digital/opinion-blogs/opinion-role-of-financial-institutions-in-increasing-the-pace-scale-of-africas-renewable-energy-transition-n321985

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  • Videlis Eddie

    51 w

    Funding of climate change will go along way

    2
    • winnie nguru

      51 w

      Climate funding will go a long way in Africa to help sustainability on matters green energy

      2
      • Rukia Ahmed Abdi

        52 w

        climate change is a collective responsibility. Bring all stakeholders onboard is the way to go.

        8
        • Tabitha Kimani

          52 w

          Keeping the climate change conversation going on in the media will be very key in relaying information.

          6
          • Joseph Githinji

            52 w

            Climate funding is highly recommended, this is one of a sure way to support clean energy channels for a better future.

            16
            • Kevin

              52 w

              A brilliant opinion piece by citizen on how financial institutions can speed up renewable energy programs in the region.Banks should not seek profits from the climate crisis but rather seek to alleviate it.

              19
              Welcome, let's solve the climate crisis together
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