Full Title: Estimating the Impact of the Energy Transition Accelerator
Author(s): Niamh McCarthy, Matthew Piotrowski
Publisher(s): Climate Advisors
Publication Date: November 9, 2022
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In November 2022, U.S. Special Presidential Envoy for Climate Change John Kerry, the Rockefeller Foundation, and the Bezos Earth Fund announced plans to create the Energy Transition Accelerator (ETA). The ETA is aimed at catalyzing private capital to accelerate the clean energy transition in developing countries. With support from the Rockefeller Foundation, Climate Advisers, a climate policy consultancy working to strengthen global climate action, has sought to estimate the potential impact of the ETA. Specifically, we analyzed the following three key questions: How much funding could this initiative mobilize for developing countries? What impact would this initiative have on global climate ambition? What funding would be generated for international adaptation?