This event is convened by the African Union
Commission (AUC) in collaboration with Afri-
can Development Bank (AFBD) to set the stage
of the Africa Renewable Energy Initiative and
to mark the initiation of the implementation
Phase.
The Africa Renewable Energy Initiative (AREI)
was launched by African Heads of State and
Government at COP21, in Paris, France, on 1
December 2015. This is a transformative, Afri-
ca-owned and directed effort to harness the
continent’s huge renewable energy potential
for universal energy access and sustainable de-
velopment on the continent.
AREI has received major attention internatio-
nally, including a commitment of USD 10 billion
in financial support for its first phase, which
aims to deliver at least 10 GW of new and ad-
ditional renewable energy by 2020. For the se-
cond phase, AREI aims to generate at least 300
GW renewable energy by 2030 – adding double
existing energy generation capacity on the con-
tinent.
AREI recognizes that though Africa is not a
large emitter of Greenhouse gases (GHG), its
energy needs will grow, and a combination of
rapid technological development and falling
costs make renewable energy the most sensible
option. AREI will show how low to zero carbon
development strategies can be achieved in
African countries through climate finance and
means of implementation according to the
principles of the UN Framework Convention on
Climate Change (UNFCCC).
AREI is now operational and will work in close
collaboration with governments, non-govern-
ment organizations, regional economic com-
munities, international organisations, interna-
tional development partners, civil society, the
private sector and other relevant initiatives to
realize regional and national priorities and op-
portunities.
Through these efforts AREI will:
1) help achieve sustainable development,
enhanced well-being, and sound economic
development by ensuring universal access to
sufficient amounts of clean, appropriate and
affordable energy;
www.arei.org