ETAF Platform Project Dates: February 2023 - December 2030
ShareShare icon for SIPET
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.

PROJECT DESCRIPTION

Managed by IRENA, the ETAF Platform has attracted USD 1.25 billion in pledged resources to support the energy transition. The platform is increasing its ambition, planning to provide financing of 5 GW of projects by 2030.


SECTORS OR AREAS OF WORK
  1. Energy efficiency


BUDGET

USD 131,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. IRENA - The International Renewable Energy Agency
  2. Bloomberg Philanthropies
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None
BUDGET

USD 131,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. IRENA - The International Renewable Energy Agency
  2. Bloomberg Philanthropies
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None