(Bio)Fueling Injustice? - Europafrica

the initiative of Senegal, fifteen countries signed the founding treaty of the association
of African countries that do not produce petrol, the Pays Africains Non-Producteurs de
Pétrole (PANPP) association, sometimes be labelled as the “Green OPEC”, 105 which,
amongst other things, aim sat the development of biofuels in Africa.
In addition, the Economic Community of West African States (ECOWAS) which
comprises fifteen West African countries, created in November 2009 an investment
fund called the African Biofuel & Renewable Energy Company (ABREC). 106 Its aim is
to “facilitate an increased flow of investments in biofuel projects and renewable energy
in Africa.” 107 It was created with the support of the United Nations Conference on
Trade and Development (UNCTAD) and the ECOWAS Bank of Investment and
Development, and it would have a capital of 200 million euros. 108
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