Energy market

Based on his experience growing up and living between the Gambia and Senegal, Abdoulaye Diallo shares a commentary piece that draws the links between an escalating climate crisis in West Africa, including the scale of loss and damage seen across the continent, and the extreme profits made by the world’s largest companies responsible for GHG emissions

Parametric insurance is emerging as a key solution to the financial challenges facing Africa’s energy sector. By increasing investment certainty and facilitating financial flows, this approach offers comprehensive protection against a multitude of risks. This is a major opportunity to accelerate the development of renewable energies in Africa by securing investments and ensuring the financial stability that is essential for players in the energy sector.