Green-energy, renewable alliance unveiled at COP26
Investors - NOVEMBER 3, 2021

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Green-energy, renewable alliance unveiled at COP26

by Released

A new initiative, called the Global Energy Alliance for People and Planet (GEAPP), was launched on Nov. 2 at COP26 — the 2021 United Nations Climate Change Conference — to accelerate investment in green-energy transitions and renewable-power solutions in developing and emerging economies worldwide.

Alliance partners include the African Development Bank Group, Asian Development Bank, European Investment Bank, Inter-American Development Bank, International Finance Corp., U.K.’s CDC Group, U.S. International Development Finance Corp., and World Bank as investment partners; and The Rockefeller Foundation, IKEA Foundation and Bezos Earth Fund as anchor philanthropic organizations.

Over the next decade, the alliance aims to unlock $100 billion in public and private capital and tackle three profound human problems simultaneously: reach 1 billion people with reliable, renewable energy; avoid 4 billion tons of carbon emissions; and create, enable, or improve 150 million j

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