Global Energy Alliance for People and Planet , which operates in 12 countries across Africa, Asia and Latin America, reports making inroads toward achieving their goals of"improved energy access, reduced emissions, and improved livelihoods".
The Alliance's fund of more U.S.$10 billion aims to accelerate investment in green energy transitions and renewable energy solutions in developing and emerging economies. The alliance, formed of philanthropic organisations, governments, and development finance institutions, had set goals to provide one billion people with renewable power, prevent 4 billion tons of carbon emissions, and drive economic growth.
In Africa, the Alliance partners with Malawi, the Democratic Republic of Congo, Nigeria, Sierra Leone, Ethiopia, South Africa, and Uganda to drive progress against energy poverty and toward decarbonised and inclusive economies.secured with GEAPP on the third day of COP27 in Sharm el-Sheikh, saying that the agreement will go a long way in solving the country's energy woes.
The funds will be used to construct a 20 MW utility-scale grid-integrated battery energy storage system. In October 2022, the energy alliance launched Scaling Renewables in Malawi to Underpin Development program to assist Malawi in achieving universal access by 2030. The program will support Malawi in its goals to increase electricity access from 18% to 100% and improve energy security and reliability.
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