Bloomberg Philanthropies intensifies global effort to turbocharge clean energy transition in 10 developing countries
At the Sustainable Energy for All Forum, Michael R. Bloomberg announces $242M investment to help deliver on clean energy potential in Africa and around the world. Announcement follows COP26 commitment to help block all planned coal plants and double down on efforts to close a quarter of the world’s coal capacity by 2025. Yesterday at the Sustainable Energy for All Forum, UN Special Envoy for Climate Ambition and Solutions Michael R. Bloomberg announced $242 million to expand Bloomberg Philanthropies’ efforts to accelerate the clean energy transition in developing countries, where power demand is projected to rapidly grow and there is abundant potential for solar, wind, and other renewable energy capacity. In addition to its current energy transition efforts in seven countries and the EU, Bloomberg Philanthropies is developing programs and partnerships in Bangladesh, Brazil, Colombia, Kenya, Mozambique, Nigeria, Pakistan, South Africa, Turkey, and Vietnam. Marking the first phase of hi