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Climate change
To fight against climate change, FFEM assists developing countries in their efforts for climate change mitigation and adaptation.
It specifically promotes innovation in all its forms, as well as transfers and the dissemination of technologies and know-how.
The challenges
The massive use of fossil fuels leads to the depletion of hydrocarbon resources and deteriorates the climate balance due to greenhouse gas emissions.
The increase and volatility of oil prices and its growing scarcity weaken the energy supply of countries which are too dependent on this resource and make their economies vulnerable to price shocks.
To be sustainable, energy strategies need to diversify energy mixes by integrating renewable energies more, making economies more energy-efficient and better integrating the specificities of developing countries, which are characterized by low rates of access to electricity.
The approach
To contribute to decarbonizing power generation and improving energy efficiency, with the objective of providing access to sustainable energy for all, FFEM supports projects that are part of a local strategic framework, tailored to local contexts.
The projects plan to promote:
- The long-term autonomy and resilience of production systems and units
- The strengthening of sustainable energy policies and the capacities of actors.
To achieve this, it focuses its actions on four areas:
- Support for public policies,
- Financial mechanisms to promote public-private partnerships and scaling-up,
- The development of renewable energy generation industries or energy-efficient equipment,
- The development of MRV tools: Measure, Reporting and Verification.