The Energy Sector Management Assistance Program (ESMAP) of the World Bank report, which is based on analyses in Brazil, China, India, Indonesia, Mexico, Poland and South Africa, finds that many of the greenhouse gas (GHG) reduction measures pay themselves back, while ambitious global action to reduce technology costs, scale up private sector financing, and provide climate financing is still required.
The African Development Bank (AfDB) Group’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. With this objective in mind, the institution aims at assisting African countries – individually and collectively – in their efforts to achieve sustainable economic development and social progress. Combating poverty is at the heart of the continent’s efforts to attain sustainable economic growth.