Europe Pledges $600 Billion for Clean Energy Projects in Africa

“From the outset, the Global Gateway has been described as the European Union’s attempt to rival the Belt and Road Initiative’s overseas infrastructure investment funds. At €300 billion through 2027, however, it is a David-versus-Goliath-style undertaking,” says Gabriele Rosana, an associate fellow at the Institute of International Affairs in Rome. China has already been investing heavily in clean energy in Africa, and with far fewer constraints. “The Union is operating in a system of…