News out of COP21 has France planning to spend €2 billion in Africa on renewable energy projects over the next four or so years. The funds will be spent in the EU country’s former West African colonies, as well as other nations on the continent.
French president Francois Hollande told a conference on Africa, held as part of COP21 climate change talks in Paris, that his government would double investments in renewable energy generation. These investments are set to fund a wide range of projects, from wind farms to solar power to hydroelectric.
In addition, he said Paris would triple to €1 billion a year by 2020 its contribution to Africa’s battle with desertification and other climate change challenges.