Abstract
Climate change and global warming are undeniably undermining global development with developing or emerging economies being the worse hit despite their minimal contribution to this unfortunate development. In recent times, it is now therefore extremely necessary to adopt effective adaptation measures to mitigate the impact of climate change on social, political and economic environment. A global shift to low-carbon energy technologies through the gradual integration of renewable energy resources in the global energy mix has been generally proposed. Whilst legal and regulatory initiatives are indeed crucial in driving this global energy transition, it is equally imperative that the necessary capital is unlocked to finance the construction, development and expansion of renewable energy projects in Africa. This paper is thus focused on examining the impact of renewable energy technologies on climate change mitigation whilst analysing the role of Development Financial Institutions (DFIs) in unlocking the vast opportunities associated with renewable energy technologies/projects with a view to driving the clean energy transition in Africa.
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