- IFC along with the Côte d'Ivoire’s Ministry of Petroleum, Energy and Renewable Energy Development have released a renewable energy roadmap for the country
- It lists challenges to achieving the targeted 42% share of renewable energy by 2030 and suggests concrete solutions
- It recommends developing a platform for ongoing engagement of stakeholders including government among others
Africa’s Ivory Coast (or Côte d’Ivoire) is aiming to achieve a 42% renewable energy share in its energy mix by 2030, as outlined in its National Determined Intended Contribution (INDC) submitted to the United Nations Framework Convention on Climate Change (UNFCCC). The country’s Ministry of Petroleum, Energy and Renewable Energy Development and the World Bank Group’s International Finance Corporation (IFC) have now prepared a roadmap that shows the way to meet this target.
The document ‘Unlocking Private Investment: A Roadmap to Achieving the Country’s Goal of Generating 42% of Electricity from Renewable Energy by 2030’ identifies challenges and proposes concrete solutions, such as developing a platform for ongoing engagement among stakeholders.
“Côte d’Ivoire aims to be an economic hub for West Africa and a pioneer in the field of renewable energy,” said Director and Head of IFC’s Climate Business Department, Alzbeta Klein. Adding, “With the establishment of effective government policies, achieving the target for renewable energy can create an investment opportunity of $9 billion for the benefit of the country by 2030.”