Today, at the One Planet Summit in New York, we are announcing a new collaboration to accelerate the energy transition in Southeast Asia. In partnerships with governments, global philanthropies, development cooperation partners, businesses, financial institutions, NGOs and other stakeholders we aim to consolidate international support for the energy transition in Southeast Asia and help promote the right market conditions for the region’s thriving private sector to ramp up investment in line with the Paris Agreement.

France, Germany, and the United Kingdom will offer financial resources and make technical assistance available to accelerate the energy transition while global philanthropies have agreed to leverage their respective strengths and maximize their collective impact, building on and extending existing partnerships with the region. This innovative partnership will allow for coordinated support and faster action, and is intended to encourage other governments and philanthropies to join.

In continuing to strive for our mission of catalyzing climate innovation through venture philanthropy, Growald Climate Fund is committed to continuing to work with our civil society partners in the region to help unlock policy, technological, financial and regulatory barriers to renewable energy and energy efficiency. This partnership will help generate the necessary data and evidence that can potentially transform electricity markets; pave the way for entrepreneurship and innovation and shift the paradigm away from fossil fuel dependent economies to clean, safe and sustainable alternatives.