{"id":5461,"date":"2022-05-23T14:45:00","date_gmt":"2022-05-23T14:45:00","guid":{"rendered":"https:\/\/www.powershiftafrica.org\/in-the-news\/can-philanthropists-help-fuel-a-global-clean-energy-transition"},"modified":"2026-08-26T14:33:52","modified_gmt":"2026-08-26T14:33:52","slug":"can-philanthropists-help-fuel-a-global-clean-energy-transition","status":"publish","type":"post","link":"https:\/\/powershiftafrica.org\/fr\/in-the-news\/can-philanthropists-help-fuel-a-global-clean-energy-transition\/","title":{"rendered":"Can philanthropists help fuel a global clean energy transition?"},"content":{"rendered":"<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/images.squarespace-cdn.com\/content\/v1\/657880dcd408ac495a5cc888\/fb388bbc-ec6a-42be-91fb-972d020ae280\/download+%2811%29_1653296476.jfif?format=original\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>At a summit this week in Kigali, Rwanda, billionaire and former New York mayor Mike Bloomberg announced plans to spend $242 million to boost clean energy in 10 developing nations, part of an effort to help them \u2014 and ultimately the world \u2014 steer toward a greener future.<br\/><br\/><\/strong>Bloomberg already has spent more than a decade and hundreds of millions of dollars working to phase out coal and other fossil fuels, first in the United States and later in Europe. But while those campaigns were aimed at cutting the massive greenhouse gas emissions produced by the industrialized world, the latest initiative has a decidedly different target.<br\/><br\/>&#8230;Mohamed Adow, head of PowerShift Africa, a group that lobbies for climate policies across the continent, said if Bloomberg\u2019s push helps pave the way for wealthy governments to invest far more in developing nations, it will be a positive step.<br\/><br\/>But he remains skeptical.<br\/><br\/>So far, Congress has not fully funded the more than $11 billion annually the president wants for international climate financing, Adow said, and other rich nations also \u201chave been woefully inadequate\u201d at delivering the money they\u2019ve long promised.<br\/><br\/>\u201cIf we\u2019re going to shift countries off fossil fuels, the scale of the investment needs to be in an entirely different ballpark,\u201d Adow said in a text, noting that the Bloomberg Philanthropies commitment amounts to an average of $24 million per nation.<br\/><br\/>&#8230;\u201cThe good news is many of these countries are blessed with clean energy potential. But they need the finance to harness that and fund their energy transition,\u201d he said.<br\/><br\/>\u201cIf we can combine the wealth of the rich world with the political will and green energy resources in the developing world, we can make great progress in addressing the ever growing climate crisis.\u201d<\/p>","protected":false},"excerpt":{"rendered":"<p>At a summit this week in Kigali, Rwanda, billionaire and former New York mayor Mike Bloomberg announced plans to spend $242 million to boost clean energy in 10 developing nations, [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[21],"tags":[25],"topic":[],"class_list":["post-5461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-news","tag-energy-transition"],"acf":{"url":""},"_links":{"self":[{"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/posts\/5461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/comments?post=5461"}],"version-history":[{"count":1,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/posts\/5461\/revisions"}],"predecessor-version":[{"id":6951,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/posts\/5461\/revisions\/6951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/media\/486"}],"wp:attachment":[{"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/media?parent=5461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/categories?post=5461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/tags?post=5461"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/topic?post=5461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}