Signed with partners from France, Germany, the European Union, the United Kingdom and Canada, the JETP agrees to mobilise up to EUR 2.5 billion over a three to five year-period to support Senegal in achieving its ambitions.
Does Senegal have a natural resource sector?
The natural resource sector is at the heart of Senegal’s development strategy. The country is set to become an oil and gas producer in 2024, leveraging its significant offshore reserves. In 2020, the African continent for nearly 3% of cumulative global emissions, with Senegal representing only 0.03% of global energy-related emissions.
Can Senegal achieve universal access to modern energy?
In order to achieve universal access to modern energy, to spur industrialisation and consolidate a low-carbon, resilient and sustainable energy system, Senegal has recently joined the ranks of countries (South Africa, Indonesia, Viet Nam) having entered a Just Energy Transition Partnership (JETP).
Is Senegal ready for a new lpdse?
A new LPDSE is under preparation for 2024-2028 with a consultation launched in July 2023. The IEA confirms that Senegal has taken significant steps towards its objectives. In 2022, 75% of Senegal’s population had access to electricity (urban 97%, rural 55%) 1, one of the highest rates in sub-Saharan Africa (SSA).