The Reform Partnership: Renewable energy and energy efficiency Reliable power supply, climate action, more jobs
In order to support the achievement of these targets, the Ivorian-German Reform Partnership focuses on fostering renewable energy and improving energy efficiency. The activities are geared towards increasing private investment in this field, thus creating jobs, providing electricity for more people, and simultaneously contributing towards achieving climate goals. Côte d'Ivoire has made a commitment to reduce its current CO2 emissions by nearly 30 per cent by 2030.
Support is being provided to efforts to expand and modernise the power grid and generate additional electricity via grid-based, privately operated solar installations. A new guarantee mechanism will make it easier for local banks to grant loans to businesses wishing to invest in renewable energies.
In order to back up these measures, Germany is supporting the compilation of market and needs studies, providing advice on reforming the electricity and finance sectors, and helping to improve vocational training in the fields of solar energy and increased efficiency.
The Reform Partnership is also being expanded to include governance components, such as efforts to improve the investment environment and fight corruption.
Disbursement of the funds that have been committed is dependent on the partner country carrying out specified reforms. Whether the agreed progress has been achieved is reviewed as part of a regular dialogue.