Benin seeks to develop its abundant, untapped renewable energy resources to expand energy access and economic opportunity for its people, but it faces high initial investment costs and regulatory and other barriers.
Source: World Bank
Benin is designing a SREP investment plan to help accelerate electricity generation through various renewable energy technologies. It will focus on the specific institutional, financial, and economic barriers to scaling up bioenergy, hydro, solar, and wind energy.
The plan is considering demand forecasts, renewable energy potential, and ways to support private developers within the implemented legal framework.
Benin aims for 25% renewable energy in the national energy mix by 2025
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together, they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.
Geographic, demographic, and climatic trends have pushed Bangladesh to intensify efforts to mainstream climate change in development.