U.S. Department of State, Bezos Earth Fund, and The Rockefeller Foundation Announce Winrock International as Crediting Body for Energy Transition Accelerator
WASHINGTON, April 11, 2023 /PRNewswire/ -- The U.S. Department of State, the Bezos Earth Fund, and The Rockefeller Foundation today announced that Winrock International will develop and administer the carbon crediting standard to be employed by the Energy Transition Accelerator (ETA).
- WASHINGTON, April 11, 2023 /PRNewswire/ -- The U.S. Department of State, the Bezos Earth Fund, and The Rockefeller Foundation today announced that Winrock International will develop and administer the carbon crediting standard to be employed by the Energy Transition Accelerator (ETA).
- The ETA is a joint initiative to catalyze private capital to accelerate the transition from fossil fuel to clean power in developing countries.
- Annual clean energy investment must triple to $4.2 trillion by 2030 to keep a 1.5°C limit on warming within reach, according to the International Energy Agency.
- The Department of State, the Bezos Earth Fund, and The Rockefeller Foundation are collaborating for the purpose of developing the ETA as an independent initiative.