Financing 100% Renewable Energy for all in Tanzania
Tanzania is endowed with abundant, high quality renewable resources which could play a significant role in meeting the country’s energy demand and propel living standards to the level of industrialized countries by 2050. This means however, that an average annual investment of US$9 billion is needed, to reach the 100% RE. In order to provide 100% Renewable Energy which is affordable for all, additional financial means are necessary. A new model focusing on an agreement between MDBs and Central Banks from the industrialized world outlines how to unlock this necessary investment to implement 100%RE for all by 2050.