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.


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