Europe Pledges $600 Billion for Clean Energy Projects in Africa

The European Union has unveiled a €300 billion ($600 billion) investment plan to fund clean energy projects in Africa. This initiative, known as the Global Gateway, aims to counter China's Belt and Road infrastructure program on the continent. The EU's plan focuses on expanding access to electricity, particularly in areas that currently have limited or no access to power. The funding will be used to support the development of renewable energy sources, such as solar and wind power, as well as improve energy efficiency and grid infrastructure. The investment is part of the EU's broader strategy to promote sustainable development and combat climate change globally. By offering an alternative to China's investments, the EU hopes to increase its influence in Africa and provide a more environmentally friendly option for infrastructure projects. The announcement comes as the EU seeks to strengthen its partnerships with African nations and position itself as a global leader in the transition to clean energy.