The deal is modeled after one South Africa is pursuing with G-7 countries and several institutions to access $8.5 billion in climate finance.

Senegal has secured 2.5 billion euros ($2.7 billion) of funding from Group of Seven countries to transition to cleaner energy, making it the first country that doesn’t rely on coal for electricity to get funding under such a program.

The so-called Just Energy Transition Partnership funding seeks to increase renewable energy to 40% of the West African nation’s electricity mix over seven years, President Macky Sall said Thursday at the Summit for a New Global Financial Pact in Paris. Click here to read the full article