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CIFF announces SEA energy transition partnership with governments and philanthropies

26 September 2018

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CIF

By CIFF

Today, CIFF joins several global philanthropies and countries to launch a new collaboration at the One Planet Summit in New York, to accelerate the energy transition in partnership with countries in South East Asia.

South East Asian countries can ensure continued economic growth and prosperity, keep pace with the related growth in energy demand, and meet their Nationally Determined Contributions (NDCs) toward the Paris Agreement.

The fall in the cost of renewable energy, the untapped renewable energy potential in South East Asia, and the lessons learned from increasing renewable energy penetration globally present an opportunity for South East Asian countries to accelerate their energy transition and meet their Paris commitments.CIFF will be leveraging its strengths, and working with governments and global philanthropies to maximise our collective impact, building on and extending existing partnerships across the region. This innovative partnership will allow for coordinated support and faster action, and is intended to encourage other governments and philanthropies to join.

At present, the global philanthropies involved include CIFF, Bloomberg Philanthropies, ClimateWorks Foundation, the European Climate Foundation, Growald Family Fund, the William and Flora Hewlett Foundation, IKEA Foundation, OIF and the Sea Change Foundation.

Sir Christopher Hohn, co-founder of CIFF, said: “This partnership will provide South East Asian policymakers with the evidence and expertise required to make the transition to renewable energy happen. By doing so, the region can make a material contribution to achieving the Paris goals and ensure continued economic growth and prosperity.”

Ingo Puhl, Co-founder and Director, South Pole Bangkok said: “We need to act today for a better tomorrow – and we need to do that through results-based collaborations. This alliance between public and philanthropic funders and stakeholders from all segments of society is exemplary and critical for a successful energy transformation in Southeast Asia. We are extremely proud to help in designing a platform that invites the broadest possible participation in ensuring the wellbeing of future generations and the planet.”

Read the full media release here

Read more about South Pole’s work on channelling finance to the low-carbon transition here.

From: CIFF announces SEA energy transition partnership with governments and philanthropies (southpole.com)