JOURNAL ARTICLE

Senegal Secures $2.7 Billion in Climate Finance From G-7 Nations.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Nussbaum, Ania; Karam, Souhail 3 of 3

Abstract

(Bloomberg) -- Senegal has secured 2.5 billion euros ($2.7 billion) of funding from Group of Seven countries to transition to cleaner energy, making it the first country that doesn't rely on coal for electricity to get funding under such a program. The issue reared its head at COP27 - Europe was accused of using Africa as its "gas station" with countries like Germany tapping Senegal to help make up for its shortfall in Russian supplies. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/06, pN.PAG
  • Document Type:Proceedings
  • Subject Area:Power and Energy
  • Publication Date:2023
  • Accession Number:164477926
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