Global Energy Alliance for People and Planet Reports Strong First Year – PR Newswire

by | Nov 8, 2022 | Energy

Working to Boost Energy Access and Reduce Emissions in 12 CountriesSHARM EL SHEIKH, Egypt, Nov. 8, 2022 /PRNewswire/ — Since its launch at COP26, the Global Energy Alliance for People and Planet (GEAPP) has accelerated clean energy solutions to support economic development and climate priorities across 12 countries on multiple continents, with plans to expand to seven more countries next year.Highlights of GEAPP’s strong first year include:

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Committed over $350 million to catalyze additional development and commercial finance. GEAPP’s investment of $40M in five initiatives alone is accelerating an additional $630M in development capital.
Partnered with governments in 12 countries, soon to be 19, advancing their national agendas for better energy access, faster decarbonization, jobs growth and economic development.
Widened the Alliance with the addition of the Asian Infrastructure Investment Bank (AIIB), thus increasing the Alliance to 19 partners and aligned co-investment capacity to $11.5bn.
Released its inaugural impact report, Powering People and Planet, with initial focus on robust impact methodology and updates on 2022 country programs.

The Alliance was formed in 2021 to catalyze clean energy technologies and new pools of finance to bring reliable, livelihood-enhancing energy to the nearly 3.6 billion people who lack it. Working with developing countries, the Alliance seeks to foster collaboration and speed in harnessing the considerable human and financial resources needed to reduce energy poverty while combating climate change.GEAPP has already made important strides toward the goals of increased energy access, reduced emissions, and enhanced livelihoods. In all, building on the projects of its philanthropic founders, it has:
Added more than 245,000 new or improved energy connections
Impacted over 1 million lives
Enabled 25 MW renewable energy capacity
Averted or avoided 117,000 tons of carbon
“It is unacceptable that half our global population still does not have access to reliable energy that is essential for healthy lives and productive livelihoods,” said Jonas Gahr Støre, Norway’s Prime Minister and co-chair of GEAPP’s Global Leadership Council. “New clean energy projects in 2021 produced a quarter of the electricity needed to end energy poverty, except nearly all of this occurred in developed economies. We must move faster and find innovative new models when business-as-usual is not effective. Norway is glad to be working with GEAPP. I invite more to partner with us.”The Alliance is now operating in 12 countries across Africa (Democratic Republic of Congo, Ethiopia, Malawi, Nigeria, South Africa, Sierra Leone, and Uganda); Asia (India, Indonesia, and Myanmar) and Latin America (Haiti and the U.S. territory of Puerto Rico). Following its first Call for Country Partnerships at COP26, the Alliance is commencing work with Vietnam, Bangladesh, Benin, Burundi, Colombia, Pakistan, and Panama.Heads of state for Alliance country partners emphasize the need for urgent action across national and regional borders to increase energy access in ways that address the global imperative to reduce carbon emissions.”Malawi urgently needs to address its energy access challenges for our people, in line with our socioeconomic transformation agenda and Vision 2063,” said Lazarus McCarthy Chakwera, President of the Republic of Malawi. “We are working closely and swiftly with GEAPP and already deriving benefit from the Alliance’s support of our governme …

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