Bloomberg Philanthropies has announced the expansion of the clean energy transition program into 15 developing countries. 

In addition to its current energy transition efforts in 17 countries and the European Union (EU), Bloomberg Philanthropies is developing new programs and partnerships in Botswana, Cambodia, the Democratic Republic of the Congo, Egypt, Ethiopia, Ghana, Madagascar, Morocco, Mexico, the Philippines, Rwanda, Senegal, Tanzania, Thailand, and Uganda. The expansion continues to deliver on Bloomberg’s commitment at COP26 in Glasgow to help shutter or cancel a quarter of the world’s coal plant capacity by 2025—and brings the foundation’s global work to catalyze the clean energy transition to 32 countries plus the EU. According to data from Bloomberg NEF’s Climatescope, the 15 countries account for nearly 27.6 gigawatts (GW) of coal power plant capacity and collectively have more than 8GW of coal capacity under construction, planned, or permitted. However, in almost all these markets, wind or solar is the cheapest source of new clean energy generation. 

“The more we invest in clean energy around the world, the faster we can end the coal era, and the more lives we can save,” said Michael R. Bloomberg, UN secretary-general’s special envoy on climate ambition and solutions and founder of Bloomberg Philanthropies. “Today, we’re expanding our clean energy work to fifteen new countries. We’ll work with our partners on the ground to accelerate their transition away from fossil fuels and improve the health of their citizens and economies.”