Dear christopher,
The energy transition is happening now – countries and companies are ready to deliver on commitments to a timebound shift away from fossil fuels to clean energy. It's essential they implement these changes at speed and scale. At P4G, our Energy Transition theme focuses on key priorities for our partner countries: increasing investment in a green energy supply, expanding zero emission mobility, and strengthening net zero building solutions in rural and urban centers.
With 73% of global emissions resulting from energy consumption, inclusive multi-stakeholder partnerships provide solutions that help countries meet national commitments to reduce emissions. To succeed as commercial propositions, these partnerships need an enabling policy and regulatory environment. This will in turn ensure viable projects for investors looking to support a net zero future in developing countries.
That’s where P4G’s newest energy partnerships come in – they aim to streamline their business solutions to expand investment in clean energy. In Kenya, we have two partnerships strengthening zero emissions mobility to support the government’s priority for an electric vehicle transition. ChargeUp! will deploy charging stations across Nairobi for e-bike riders to easily swap batteries. Meanwhile, PayGo for E-bikes will help Kenyan drivers finance the transition to electric bikes, while also providing affordable charges at small and medium businesses across the city.
In Bangladesh, Smart Charging for Green Rides will use pay-as-you-go technology to make cheaper, longer-lasting batteries available to electric three-wheeler drivers. These partnerships all consider how improved technology will increase driver incomes and deliver greater equity in the sector.
On the sustainable buildings side, One Stop Service for Energy Efficiency will make cooling systems in Indonesia more efficient by merging energy-saving technology, energy services providers, and finance providers into a single model.
These new partnerships look to build on lessons learned from existing P4G partnerships. Models like Africa GreenCo demonstrate how P4G acceleration and network support can lead to institutional investment and regulatory approval – that results in delivering sustainable energy to people in rural Zambia who previously lacked access. Other solutions, like Energise Africa, are continuing to grow beyond their P4G scope as they look to expand into new sectors and geographies. We will continue bringing these energy partnerships together to share best practices and enhance their impact.
If you have partnerships delivering transformative solutions aligned with our Energy Transition theme or other P4G focus areas, we encourage you to apply for our Call for Partnerships by March 11.
Best regards,
Sarbinder
