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Canada’s Total Climate Finance Contribution:
$200,000 CAD
- 2010 to 2011: $200,000 CAD
Targeted Countries:
Nigeria
Funding Period: 2010 to 2011
Type of Support:
Mitigation
Project Funded through a Canadian Facility:
IFC - Canada Climate Change Program (CCCP)
Delivery Partner(s):
Description
The IFC-Canada Climate Change Program provided support to catalyze the development of a commercially viable market for clean, modern and affordable off-grid energy products serving consumers in Nigeria. The targeted area is currently relying on fossil-based fuels, especially kerosene, and other polluting products to meet their lighting needs. The four major pillars of program activities, which seek to increase the uptake of solar lanterns and solar home systems, are enhanced consumer education, retail channel expansion, business-to-business connections, and access to finance.
Results/Expected Outcomes
With support from Canada, this project is expected to mobilize an additional $4.75 million in co-financing from public and private sources and lead to an estimated greenhouse gas emissions reduction of 123,700 metric tons of CO2 per year.* To date, the program is working with 10 manufacturers and their distributors to develop the off-grid energy market.
Co-Financing/Mobilized Finance ($CAD):
$4,755,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *:
123,700