Major Global Investment Commitment
On September 22, 2025, the Global Energy Alliance for People and Planet (GEAPP) announced plans to mobilize US$7.5 billion between 2026 and 2030 to accelerate renewable energy deployment in developing countries. Backed by the Bezos Earth Fund, the Rockefeller Foundation, and IKEA Foundation, GEAPP framed the commitment as a response to both climate imperatives and persistent gaps in electricity access. The investment will focus
on solar, wind, battery storage, and grid modernization in regions where energy poverty remains acute.
Focus Areas and Development Goals
The initiative is designed to improve electricity reliability for households, schools, and businesses while reducing dependence on fossil fuels. GEAPP highlighted Africa and South Asia as priority regions, where populations face frequent outages and limited access to affordable power. The strategy also seeks to catalyze private-sector participation by de-risking investments, creating conditions for long-term energy transition financing, and ensuring that projects incorporate sustainability and resilience standards.
Implications for Global Energy Transition
The US$7.5 billion pledge is positioned as a catalyst rather than a full solution, given that trillions will be needed globally to meet net-zero goals. Still, the initiative is expected to send a strong signal to investors, donors, and governments about the viability of scaling renewable infrastructure in emerging markets. If implemented effectively, GEAPP’s program could become a model for blending philanthropy, concessional finance, and private capital to deliver both climate and development benefits, while narrowing the inequality in access to clean energy worldwide.