Europe Pledges $600 Billion for Clean Energy Projects in Africa

The European Union has pledged $600 billion through its Global Gateway investment plan to support clean energy projects in Africa, aiming to address the continent’s critical energy deficit where nearly 600 million people lack electricity access. EU Commission President Ursula von der Leyen emphasized that this clean energy transition would generate jobs, promote stability and growth, and help meet global climate goals. The initiative could create up to 38 million green jobs in Africa by 2030. Global Gateway, launched in 2021, focuses on infrastructure development worldwide but prioritizes Africa due to its vast deposits of critical minerals essential for technology and green energy, such as cobalt, lithium, copper, and manganese. The EU’s effort is partly a strategic response to China’s Belt and Road Initiative (BRI), which since 2013 has invested over $1.3 trillion globally in infrastructure, including significant energy investments in Africa. China’s involvement includes exporting large quantities of solar panels and securing influence through mining and infrastructure projects, positioning itself as a