US EditionBezos-backed renewables alliance targets $7.5 billion for developing countries
- GEAPP aims to invest approximately $7.5 billion in renewable energy projects across developing nations during its 2026 to 2030 five-year plan.
- GEAPP was established in 2021 through the collaboration of major philanthropic foundations to address declining development aid and changing climate finance priorities in the U.S.
- The alliance has secured $7.8 billion in funding to provide improved energy services to close to 240 million individuals while aiming to cut greenhouse gas emissions by 952 million metric tons.
- Chief Executive Woochong Um emphasized the importance of innovative approaches to achieve large-scale development and shared plans to implement a real-time digital system monitoring 6.5 million utility assets in Jaipur, which is expected to prevent outages and reduce costs by over $50 million annually.
- With aid budgets under pressure, GEAPP seeks new philanthropic partners to meet rising clean energy investment needs highlighted ahead of the November climate conference in Brazil.
12 Articles
12 Articles
The organization works in more than 30 countries.
Bezos-backed renewables alliance targets $7.5 billion for developing countries
An alliance that installs renewable energy in developing countries wants to invest around $7.5 billion during its next five-year plan, executives told Reuters, and is seeking more philanthropic partners as richer nations cut government aid.
Global Alliance to Invest $7.5B in Green Energy for Developing Nations - Khaama Press
The Global Energy Alliance pledged $7.5 billion for renewable energy in developing nations, aiming to expand clean power, green jobs, and climate resilience worldwide. The Global Energy Alliance for People and Planet (GEAPP) has pledged to invest $7.5 billion in renewable energy projects across developing nations over the next five years. GEAPP Chief Executive Woochong Um announced the plan on September 22 during the UN General Assembly in New Y…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
