In a groundbreaking move, the World Bank has selected Somalia to pioneer its innovative clean energy program. This is a part of the global financial institution’s ongoing efforts to foster sustainable energy solutions in developing nations. The program’s aim is to unlock Somalia’s untapped renewable energy potential, improve energy access, reduce reliance on fossil fuels, and stimulate socio-economic growth. This decision underscores the World Bank’s commitment to aiding countries grappling with significant energy challenges, particularly those with vast untapped natural resources suitable for clean energy production.
The World Bank Group has committed a staggering $70 billion to tackle climate change issues and has sounded a call to arms for governments worldwide to establish structures to engage and access these funds. This places Somalia, along with Tanzania and Rwanda, as pilot countries for the program, indicating a shift towards clean energy in Africa.