The Global Energy Alliance for People and Planet (GEAPP) is a collaborative initiative aimed at addressing energy poverty and accelerating the transition to renewable energy in developing and emerging economies. Formed by The Rockefeller Foundation, the IKEA Foundation, and the Bezos Earth Fund, GEAPP brings together a diverse group of partners, including governments, development banks, and private sector entities.
GEAPP focuses on three catalytic themes—distributed renewable energy (DRE), green grids, and green economy. DRE emphasizes decentralized renewable energy solutions like microgrids and solar home systems; green grids focus on enhancing grid capacity and resilience to integrate renewable energy; and green economy leverages clean energy to drive economic growth and create job opportunities.
It provides targeted support to seven foundation countries: the Democratic Republic of the Congo, Ethiopia, India, Indonesia, Nigeria, South Africa, and Viet Nam. These countries have been selected based on their significant potential for impact and their strong governmental commitments to advancing clean energy initiative. Beyond these seven foundation countries, GEAPP also works on replicable and scalable solutions in an additional 13 countries, aiming to extend the benefits of clean energy to a broader range of regions. Overall, GEAPP’s initiatives reach over 80 countries, demonstrating its commitment to creating a sustainable and equitable energy future on a global scale.
12 November 2024
ADB joined with partners to show their commitment to climate change financing at a kick-off event at the Conference of the Parties 29 for the Innovative Finance Facility for Climate in Asia and the Pacific.
ADB, the Global Energy Alliance for People and Planet, and the Monetary Authority of Singapore announced their intent to establish a blended finance partnership to accelerate the energy transition at scale in Asia.
ADB and the Global Energy Alliance for People and Planet collaborated on several knowledge products and/or events, including the following:
This paper recommends that ADB (i) establish and administer the single-donor Global Energy Alliance for People and Planet (GEAPP) Energy Access and Transition Trust Fund (or the Trust Fund) under the Innovative Finance Facility for Climate in Asia and the Pacific Financing Partnership Facility; and (ii) accept and administer contributions to the Trust Fund by GEAPP LLC2 (or the Financing Partner) to be effected through a contribution agreement in accordance with the terms and conditions set out in this establishment paper.
This web resource serves as reference on the Global Energy Alliance for People and Planet Energy Access and Transition Trust Fund, which aims to accelerate and scale inclusive energy access for poor and vulnerable populations.
Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.
The Global Energy Alliance for People and Planet contributes to ADB’s development initiatives through cofinancing.
