Contact
News | Development Cooperation | 12. March 2020

New financing models for electric mobility in Africa

E-cargo bikes are one part of the P4G Partnerschip "Accelerating E-mobility Solutions for Social Change".
© Siemens Stiftung / We!Hub

Our Partnership in “Accelerating E-mobility Solutions for Social Change” has been awarded by the “Partnering for Green Growth and the Global Goals 2030” (P4G) initiative. The Partnership will focus on unlocking potential funding sources for e-mobility by defining a blueprint for carbon credit generation to be marketed on the voluntary carbon market with the potential to subsidize investment costs and to structure potential financial products for scaling e-mobility in Sub-Sahara Africa.

Through its three-pronged approach, the partnership will increase economic capacity, tackle unemployment and support climate friendly transport solutions in rural Kenya, support social start-ups from the region in testing their technologies and business models and provide appropriate charging capacity. Creating access to sustainable funding solutions is another goal of the partnership.

Siemens Stiftung and its partners are among 13 public-private partnerships, who received start-up funding of up to $100,000 from P4G for their work in five Sustainable Development Goal areas – food and agriculture, water, energy, cities and the circular economy.

“In this decade of action and delivery, P4G is not talking about action but is delivering it by bringing pioneers and national priorities together. We are excited about the potential impact and scale of ambition of our 2020 Start-Up Partnerships that can drive an inclusive growth agenda while delivering on national implementation plans, on climate change and sustainable development. With this new cohort of partnerships, P4G now has more than 40 public-private partnerships including our 2018 and 2019 cohorts to create a strong and growing pipeline of transformative models of change that can drive sustainable economic growth. We look forward to working with our 2020 partnerships and leveraging our influential and growing network of investors, government changemakers and CEOs to advance their goals for an inclusive and sustainable future,” said P4G Global Director Ian de Cruz.

“Electric mobility has the potential to become the key technology for social development in Africa. Especially in rural Africa, transport costs and the environmental impact of existing motorized vehicles with internal combustion engine are extremely high. E-cargo bicycles or e-motorcycles can be manufactured locally and thus create local jobs. Solar energy is available in abundance on the continent,” so Rolf Huber, Managing Director of the Siemens Stiftung.

Siemens Stiftung will attend the 2020 P4G Summit from June 28 – 30 for workshops related to its SDG focus area, and to learn and share its expertise with other partnerships in P4G’s network.

 

About P4G

P4G – Partnering for Green Growth and the Global Goals 2030 – is funding over 30 public-private partnerships with projects in developing countries. P4G is a collaborative partnership among 12 partner countries: Bangladesh, Chile, Colombia, Denmark, Ethiopia, Indonesia, Kenya, Mexico, the Netherlands, the Republic of Korea, South Africa and Vietnam. P4G is funded by the governments of Denmark and the Netherlands and hosted at the World Resources Institute. Other partner organizations include C40 Cities, Global Green Growth Institute, International Finance Corporation, World Economic Forum and the United Nations Global Compact.

 

Other Partnership Partners:

Related links

Website P4G – Partnering for Green Growth and the Global Goals 2030

Partnership info page P4G

Stay up to date!