EIB joins Rockefeller Foundation’s call to action to provide sustainable energy for one billion people by 2030

The Rockefeller Foundation and the European Investment Bank today announced the formation of a global coalition aimed at providing sustainable energy for one billion people within this decade.

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https://www.eib.org/press/all/2020-352-eib-joins-rockefeller-foundation-s-call-to-action-to-provide-sustainable-energy-for-one-billion-people-by-2030

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Friday, December 11, 2020

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Articles, Energy policy, Renewable energy commercialization, Emissions reduction, Energy poverty, Humanitarian aid, International development, Sustainable energy, Renewable energy, Sustainability, Renewable energy in developing countries, Renewable energy transition

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The Rockefeller Foundation and the European Investment Bank today announced the formation of a global coalition aimed at providing sustainable energy for one billion people within this decade.
Today one in ten of the worlds people (800 million) lack access to electricity, including half the population of sub-Saharan Africa.
Another 2.8 billion people lack access to electricity that is reliable enough to secure their livelihoods or power modern healthcare facilities and schools.
The pandemic has only exacerbated the inequality of global energy access.
Our success will empower millions of people to participate in a modern economy, growing economic opportunity for us all.
Accelerating high-impact investments to improve access to clean energy is essential to address the climate crisis, fight poverty and improve public health.
The EIB is a global leader providing technical and financial support for secure and affordable renewable energy investment.
Between 2015 and 2019, the EIB provided more than 62 billion for renewable energy, energy efficiency and electricity grid projects worldwide.