Tunisia: Development Plan Lays Out $2.7 billion in Green Energy Investments
Summary:
The three-year development plan recently released by the Tunisian government features $2.7 billion in green infrastructure development. The investments, which presume receipt of outside funding, would seek to improve Tunisian’s Environmental Protection Index (EPI) score. The EPI is based on sanitation, air quality, and climate change mitigation, with Tunisia currently ranking 96th globally. The green projects will look to leverage hydrogen and solar power.
Outlook:
While the three-year development plan is ambitious, it presumes external funding that has yet to be secured. The green projects will target climate-focused European investors but will remain dependent upon Tunisia’s ability to successfully navigate the International Monetary Fund (IMF) loan process in the coming months.
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