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Wednesday, 09 June 2010

What is the AEEP?

• The Africa-Europe Energy Partnership (AEEP) is a long-term framework for structured political dialogue and co-operation between Africa and the EU on energy issues of strategic importance
• It creates a much-needed dedicated forum for energy dialogue between the EU and Africa and offers new opportunities for promoting joint action
• It aims to mobilise increased financial, technical and human resources in support of Africa's energy development
• Its objective is to increase European and African investments in energy infrastructure and in energy interconnections within Africa and between Africa and Europe through instruments such as the Energy Facility, the EUEI Partnership Dialogue Facility, the EU-Africa Infrastructure Trust Fund as well as numerous bilateral instruments
• It seeks to promote renewable energy and energy efficiency, as well as to improve the management of energy resources
• AEEP issues will have effects at the local, national, regional, continental and global levels.
Future challenges:
•  Launch the Renewable Energy Co-operation Programme (RECP) in second half of 2010, which will cover the period up to 2020. So far, only a fraction of Africa’s vast renewable energy potential is being used: 7% of hydro and only 1% of the geothermal potential
•  Agree on a 2nd Action Plan by September 2010 to cover the period 2011-2013

Source: Africa-EU Partnership