Bordered by Togo, Nigeria, Burkina Faso, and Niger, Benin has a 121-kilometer-long coastline on the Gulf of Guinea. Its economy is mainly reliant on agriculture, along with formal and informal reexport and transit trade with Nigeria. Benin’s vulnerability to climate change is due to its economy's high dependence on agriculture. As the sector is largely undiversified, it is extremely vulnerable to external shocks, such as rising sea levels, increased severe and destructive flooding, and recurring droughts.
INVESTING IN BENIN
CIF has invested in Benin through its Scaling up Renewable Energy Program (SREP). The country’s SREP investment plan has been designed to help accelerate electricity generation through renewable energy technologies. Areas of focus are the specific institutional, financial, and economic barriers to scaling up bio, hydro, solar, and wind energy. The plan covers demand forecasts, renewable energy potential, and ways to support private developers within the implemented legal framework.
