About Global Energy Alliance for People and Planet:
- It is an alliance of philanthropists, governments, technology, policy, and financing partners.
- Its mission is to enable emerging and developed economies to shift to a clean energy, pro-growth model that accelerates universal energy access and inclusive economic growth while supporting the global community to meet critical climate goals during the next decade.
- It aims to reduce 4 gigatons of future carbon emissions, expand clean energy access to one billion people, and enable 150 million new jobs.
Initiatives announced by GEAPP:
- Multi-Donor Trust Fund:
- GEAPP has strengthened its partnership with International Solar Alliance (ISA) by signing ISA's, Multi-Donor Trust Fund which aims to mobilize $100 million to fund high-impact solar energy projects.
- GEAPP, through its Project Management Unit, supports ISA by providing governance oversight, facilitating fundraising efforts, and leveraging its expertise in energy transition planning, financing, and project implementation.
- DUET (Digitalization of Utilities for Energy Transition):
- It is a program focused on the digitalization of grid systems through the development of a technology suite in which all grid assets are digitally captured (including geo-coordinates, specifications, etc.) and integrated with live smart sensors for real-time data.
- The system will conduct load flow analysis and real-time tracking of voltage, current, and phase data to reduce transmission and distribution losses.
- ENTICE 2.0 (Energy Transitions Innovation Challenge)
- It is a platform designed to identify, nurture, and scale innovative solutions that have the potential to accelerate India's startup ecosystem and help achieve its sustainability goals.
- First launched in 2023, ENTICE aims to help scale innovations for the energy transition by facilitating access to funding, market linkages and mentorship.
- ENTICE 2.0 will kickstart in January 2025, and will go beyond the scope of ENTICE 1.0 by focusing on supporting and scaling investable opportunities.
