One year ago, the Global Energy Alliance for People and Planet (GEAAP) was launched at COP26 with an urgent mission: to change the trajectory of greenhouse gas damage while ending energy poverty currently experienced by nearly half the world’s population.

A simple and straightforward mission statement, but it is neither a simple nor straightforward task. Deep partnerships combined with radical shifts in approach are needed to solve energy poverty while transitioning to green energy and simultaneously meeting job creation and development needs.

GEAPP is an alliance of philanthropy, local entrepreneurs, governments in emerging and developed economies, and technology, policy, and financing partners.

We began at COP26 with the vision and catalytic grant capital from our three initial anchor partners, The Rockefeller Foundation, IKEA Foundation and The Bezos Earth Fund, and nearly two dozen mission partners who bring aligned capital, technical capabilities, and commitment.

Now, as the world comes together again in Sharm El-Sheik for COP27, this Alliance is working in 12 countries across Africa, Asia and Latin America and the Caribbean.

GEAPP can take steps to unlock capital from partners that have more funds—but also more guardrails.

One example is supporting South Africa’s Just Energy Transition and the country’s flagship project to decommission and repurpose the 1,000 MW coal-fired Komati Power Station. GEAPP provided a US$7 million grant package to Eskom through the World Bank to hire Owner’s Engineers to prepare for the demolition of the old plant and to repurpose the site with solar PV, wind and batteries unlocking hundreds of millions of dollars of concessional and green energy financing.

GEAPP’s work with South Africa, in fact, is one of the highlights of 2022. Since our engagement began in March, we’ve designed eight programs to allocate north of $20 million dollars for programs strongly aligned with their goals.

Read the full article about KEYWORD by [u'Marli Marano'] at Home - The Rockefeller Foundation.