The Global Energy Alliance for People and Planet (GEAPP)

The existential threat of a change in climate of 2-3° will have a disproportionate impact on the world’s emerging and developing economies, undermining health prospects, education, employment opportunities and gender equality, particularly among the vulnerable.

If developed economies achieve their net zero commitments but developing and emerging economies use fossil fuels to rise out of energy poverty, 75% of all emissions could derive from today’s energy poor countries by 2050 with a projected global temperature increase of ~2.5°.

In high-income countries renewables are now producing the cheapest energy in history. But today, far too little investment is going to the energy poor countries, and the costs to deploy renewable energy are much higher. Developing economies receive just 13% of green energy financing and only 6% of all solar and wind deployed globally went to the world’s energy poor countries in recent years.