PROJECT OBJECTIVE
Bloomberg Philanthropies and the International Renewable Energy Agency (IRENA) announced a new COP28 partnership. This partnership aims to accelerate the deployment of clean energy and mobilize capital in emerging markets and developing economies. Bloomberg Philanthropies’ support will enable IRENA to advance efforts to drive the widespread adoption of renewable energy and reduce political, technical, and financial barriers to the energy transition by building capacities in Southeast Asia, Africa, and Latin America, strengthening project finance and preparation through the Energy Transition Accelerator Financing (ETAF) Platform , and facilitating private capital mobilization.