Bezos Earth Fund

Bezos Earth Fund in Africa

To achieve our climate goals we need to massively increase private sector climate finance. Well-designed carbon markets can help. The U.S. Department of StateBezos Earth Fund, and The Rockefeller Foundation are designing the Energy Transition Accelerator to drive private sector investment into the energy transition in developing24v inverter countries through corporate purchases of ETA carbon credits.

Today at the Africa Climate Summit, our president and CEO Dr. Andrew Steer teamed up with ETA partners U.S. Climate Envoy John Kerry, and Rockefeller Foundation’s William Asiko to talk about how the Energy Transition Accelerator can bring corporate finance to accelerate a just energy transition in Africa.

The aim of the ETA is to bring carbon credit revenue to the table to complement and catalyze other sources of public and private finance, to support the just energy transition through accelerated retirement of coal-fired power plants, new renewable electricity generation, electric grid improvements and more.

The ETA will include safeguards to support a just and equitable transition and affordable, reliable, sustainable and modern energy for all. It’s about new job opportunities, enabling a booming economy, and a greener, more sustainable Africa.

Join us as we support our partners across Africa in leading an energy revolution for the continent.

Reported by the Bezos Earth Fund 10th Aug 2023

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