Paving the way to universal energy access and net-zero emissions
Developing countries are committed to improving access to energy for their people, while contributing to the global fight against climate change. But they need finance and techncial assistance to help them achieve their goals.
Energy Transition and Investment Plans are an opportunity for countries to show how they will build energy systems to support economic and social development and achieve net-zero emissions. These plans allow countries to showcase the technologies and support needed to achieve their energy goals.
They include an investment plan that identifies specific opportunities and the types of finance needed (public, private, concessional), which helps them engage with investors and development institutions to attract funding.
Ghana and Nigeria are among a growing list of countries that have taken the lead in developing these plans, with the support of SEforALL and partners.
The Sierra Leone Energy Transition and Investment Plan is being developed at the invitation of President Julius Maada Bio. It will be launched during the SEforALL Global Forum in 2024 in Barbados. The plan focuses on a green growth transition, specifically advancing clean technologies that can drive energy access and development for a country with a 27 percent electrification rate, while maintaining a low-carbon profile.
