TotalEnergies: joint investment for SDG 7
(CercleFinance.com) - At the COP29, TotalEnergies, bp, Equinor and Shell announce that they are investing to contribute to the United Nations' Sustainable Development Goal 7 (SDG 7), which aims to ensure access to affordable, reliable, sustainable and modern energy for all.
The four energy majors are thus committing to a joint investment of $500 million, aimed at creating a positive impact on access to energy for populations in key regions over the next few years.
The aim is to support promising, high-impact projects, mainly in sub-Saharan Africa and South and Southeast Asia, to help millions of people gain access to electricity and improved cooking conditions.
A private equity firm with solid experience in impact investing has been selected to manage the funds. It will notably work with governments, the private sector and philanthropic organisations.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The four energy majors are thus committing to a joint investment of $500 million, aimed at creating a positive impact on access to energy for populations in key regions over the next few years.
The aim is to support promising, high-impact projects, mainly in sub-Saharan Africa and South and Southeast Asia, to help millions of people gain access to electricity and improved cooking conditions.
A private equity firm with solid experience in impact investing has been selected to manage the funds. It will notably work with governments, the private sector and philanthropic organisations.
Copyright (c) 2024 CercleFinance.com. All rights reserved.