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Energy Transition Accelerator Advances With New Secretariat, Expert Consultative Group
Foundation: Rockefeller Foundation
John Kerry has a new gig, and it's not as high-profile as his old one, but he's still making headlines for it.
The former secretary of state announced Tuesday that he'll serve as honorary chair of the Energy Transition Accelerator, which aims to raise private capital to help developing countries transition away from fossil fuels, the New York Times reports.
"We must deliver innovative finance solutions at the speed and scale needed to transition to clean power and keep 1.5 degrees within reach," Kerry said in a State Department press release.
"Working in partnership with developing countries, the ETA can mobilize billions to transition away from fossil fuels and achieve an ambitious, just clean energy future."
The accelerator is a joint initiative of the State Department, the Bezos Earth Fund, and the Rockefeller Foundation, and it's expected to raise tens of billions of dollars through 2035 to help developing countries meet climate change goals, per the State Department.
"Carbon credits, done right, can play a vitally important role," Andrew Steer, president and CEO of the Bezos Earth Fund, said in the press release.
"The Energy Transition Accelerator is the sort of innovative solution that can unlock the billions and billions of dollars needed to ensure everyonenot just the wealthiest countriescan access the renewable
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Foundation: Minneapolis Foundation
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