Climate Technology Initiative Private Financing Advisory Network (CTI PFAN) is set to commence operations in Nigeria, the Pan African Vision for the Environment (PAVE) has disclosed. PAVE defines PFAN as a multilateral, public-private partnership initiated by the CTI in cooperation with the UNFCCC Expert Group on Technology Transfer. The partnership operates to bridge the gap between investments and clean energy businesses.
President of Lagos-based PAVE, Mr. Anthony Akpan, in a statement, said, “We are currently in discussions and anticipate that there will be many synergies and opportunities for our respective organisations to explore to support clean energy initiatives in Nigeria.”
PAVE also reveals that, “CTI PFAN operations and activities are funded by the CTI and other funding partners including the United States Agency for International Development (USAID), the Renewable Energy & Energy Efficiency Partnership (REEEP), the Asian Development Bank’s (ADB) Energy for All Program, the Energy and Climate Partnership of the Americas (ECPA), and the International Center for Environmental Technology Transfer (ICETT).”