UK to grant £40 million to clean energy projects in Nigeria, other countries

(273 reads)

Latest Banking, Business and Finance News in Nigeria, Africa and globally.
Comment
User photo
CarolinaBaby1
Answers: 0

#1

 

The Energy Catalyst, an initiative in the United Kingdom, has allocated over £40 million in grant funding to various pioneering projects across countries including Nigeria dedicated to leveraging clean energy and facilitating an equitable and inclusive transition to sustainable energy.

UK Prime Minister Rishi Sunak announced this funding during Dubai’s United Nations Climate Change Conference (COP28).

This funding is being provided by the Foreign, Commonwealth, and Development Office through the Transforming Energy Access platform, along with the Department for Science, Innovation, and Technology.

Nairametrics learns that this financial support is part of a comprehensive £316 million package, underscoring the commitment to fostering an inclusive and fair transition towards a sustainable energy landscape.

What he said
Sunak added that the £40m is part of the Ayrton Fund for clean energy innovation.
He also explained saying,

“Innovate UK’s Energy Catalyst program has awarded over £40 million in grant funding to a range of innovative projects with plans to harness clean energy and enable a just and inclusive energy transition”.
He highlighted that the £40 million is sourced from the Ayrton Fund dedicated to clean energy innovation.

This allocation underscores the ongoing commitment of the UK Government to actively support the research, development, and demonstration of innovative technologies and business models essential for promoting accessible and clean energy worldwide.
https://nairametrics.com/2023/12/03/uk- ... countries/
images (31).jpeg

Share: Azaland DM Direct Message
When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰

User photo
Jared
Verified
Answers: 5
Contact:

#2

 

All these money wey get rope join. It's never free. Are they? What do they gain in return? At what cost to us? We must know.
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. 💰


Ernest
Answers: 0

#4

 

That's interesting

User photo
YoungA
Answers: 0

#5

 

We all see this on news but it's a different ballgame




Post Reply