On his first trip to Africa, Chancellor Olaf Scholz announced that Germany intends to buy natural gas from Senegal, to reduce its dependence on Russian gas. A German government official added that the country might become an investor in Senegal’s massive GTA gas field.  Germany has invited Senegal, ...

The US government wants to fund as many new clean energy projects in Africa as possible, but the pool of bankable utility-scale generation projects is running dry. In 2021, the DFC approved none. To accelerate Africa’s energy transition and scale its clean energy markets, the US needs to focus far m...

The US Development Finance Corporation (DFC) works to spur private investment in support of foreign policy and development goals. The DFC opened its doors in January 2020, built on the foundations of the former Overseas Private Investment Corporation (OPIC) and USAID’s Development Credit Authority. ...

Generating swift action on climate change in 2022 faces great challenges, yet one initiative— methane reduction in the energy sector—provides an unusual and attractive opportunity.

On the first day of the year, the average American had already emitted more CO2 than the average person living in Democratic Republic of Congo, and—one week in—had surpassed annual emissions for 23 low-income countries. Learn more.

In 2022, discussions will continue about the role that development finance has in both reducing energy poverty in poorer countries, and tackling climate change. At COP26 there was lots of hand-wringing by rich countries about the extent to which aid (ODA) and other development finance should finance...

As climate pledges pile up, a worrying theme is emerging that bold efforts by rich nations to decarbonize the global economy will be ruined by hordes of new consumers in the developing world buying cars, installing air conditioning, and taking planes. China’s and India’s rapid development and steep ...