AEEP Energy Talks Spotlight – Insights into European Financial Flows on SDG7 to Africa

The 18th AEEP Energy Talks on 19 February 2025 delved into the third edition of the AEEP flagship report on European financial flows on the UN Sustainable Development Goal 7 (SDG7) to Africa. The webinar examined current financing trends, pathways to increase financial flows towards clean and affordable energy access and highlight the critical role of the AU-EU partnership in financing SDG7 in Africa.

Speakers included representatives from the EU Delegation to the African Union, the African Union Commission, the International Energy Agency, the European Investment Bank, the African Development Bank and GET.invest.

The panellists agreed that despite consistent efforts by African governments, the EU and its Member States, as well as other public donors, the pace towards SDG7 remains far too slow and existing financial flows remain insufficient to meet the 2030 target. They concluded that more private investments are required to fill the finance gap in Africa and that alignment, synergy and cooperation between all actors, and efficient use of resources is key to achieve the SDG7 target as soon as possible.