Ursula Von Der Leyen, president of the European Commission , says €150 billion will be invested in Africa’s climate action.She said climate action is one of the biggest drivers of development in Africa, adding that Europe is committed to closing the investment gap.
“Action is part of the solution. You’re part of the solution with your huge potential for renewable energy and clean hydrogen, your critical raw materials, your incredible nature and biodiversity and your workforce. “Secondly, investment has to come and this is why 150 billion euros in our investment plan are designated for Africa. We call it Global Gateway. They are aimed at the African continent.”Von Der Leyen said Global Gateway supports investments ranging from hydropower plants in the DRC, Burundi, Rwanda and Tanzania.
“Namibia, for instance, is now building a new hydrogen industry as well as rare materials, and value chains in partnership with Europe.
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