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GEAPP, backed by major foundations, has raised $7.8B to expand renewable energy in developing nations, aiding 240M people and cutting 952M tons of emissions.
The Global Energy Alliance for People and Planet, backed by the Bezos Earth Fund, IKEA Foundation, and The Rockefeller Foundation, aims to raise $7.5 billion over five years to expand renewable energy in developing nations amid declining global development aid.
Since its 2021 launch, GEAPP has mobilized $7.8 billion, helping over 30 countries improve energy access for nearly 240 million people and cut emissions by 952 million metric tons.
It is scaling its "Grids of the Future" initiative using digital tools to modernize power systems in Asia, Africa, Latin America, and the Caribbean, with projects like a real-time utility map in Jaipur saving millions annually.
The alliance seeks $500 million in philanthropy to leverage up to $7.5 billion, focusing on green energy integration in agriculture and health ahead of the 2025 climate summit.
GEAPP, respaldada por grandes fundaciones, ha recaudado $7.8B para expandir la energía renovable en los países en desarrollo, ayudando a 240M personas y reduciendo 952M toneladas de emisiones.