EDFI supports launch at COP26 of alliance to accelerate renewable energy climate solutions and jobs
EDFI welcome the launch of The Global Energy Alliance for People & Planet (GEAPP), a unique international platform that will accelerate an equitable energy transition in 60+ priority emerging and developing economies with a three-part mission to 1) avoid and avert over three billion tons of greenhouse gas emissions, 2) extend clean, reliable, productive-use energy to 1 billion underserved people, and 3) create tens of millions of green jobs that generate inclusive economic growth.
The GEAPP is focused on delivering transformational projects that will accelerate and scale an equitable energy transition across the emerging and developing world. By focusing on the most catalytic use of its philanthropic capital for policy and regulatory enablement, project development, project financing, and energy-enabled economic development, GEAPP will target countries that have demonstrated leadership to deliver a clean energy future that benefits both people and planet.
With these shared aims, members of EDFI agree to collaborate with GEAPP to continue to grow their renewable energy portfolios and their impact on access to electricity and greenhouse gas emissions reductions in the next five years. These investment activities will benefit from GEAPP’s work on creating enabling ecosystems, supporting early project development, and de-risking capital to mobilize private sector investment.
“EDFI is proud to support the new Global Energy Alliance for People & Planet. European DFIs have a strong focus on climate finance and increasing access to clean energy in developing countries, including through the EDFI-ElectriFI joint financing facility. This aligns us closely with the aims of the Alliance, and we believe that there are significant opportunities to deepen our partnership in ways that will reduce global emissions and deliver inclusive economic development.” ― Søren Peter Andreasen, CEO of EDFI and the Chairman of the EDFI Management Company
LINK TO THE GLOBAL ENERGY ALLIANCE FOR PEOPLE AND PLANET PRESS RELEASE