Giving Compass' Take:
- The Just Energy Transition Community pledged $2.6 million to support the growth of much-needed clean energy solutions in Southeast Asia.
- What is the connection between certain geographies, the problems they face, and how we distribute funds for solutions?
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Convened by Philanthropy Asia Alliance last year, the group will expand clean energy access across geographies and sectors, including farming and fishing communities, cooling solutions and workforce support across the region.
‘When funders align around what matters most to Asia, real progress follows. Energy is one of the most consequential areas for philanthropic capital today. Access to clean, affordable energy shapes outcomes in food, health, jobs and community resilience across the region,’ said Shaun Seow, CEO, Philanthropy Asia Alliance.
Initiatives include the deployment of cold storage facilities for fishing communities off the coast of Maluku, Indonesia, ensuring fewer spoilage of fish product.
Despite Southeast Asia being on the frontlines of the climate crisis, the region’s climate finance needs outstrip current funding flows.
A report published by Asia Philanthropy Circle last year found that further research is needed to determine where ‘more funding is specifically needed and how to increase capital flow’.
Read the full article about funding clean energy in Southeast Asia at Alliance Magazine.