The Alliance aims at accelerating and scaling equitable energy transitions in low- and middle-income countries, while averting carbon emissions, expanding energy access, and creating jobs in the process.

Over the next decade, it aims to unlock USD100 billion in public and private capital and tackle three profound human problems simultaneously: (1) POWER – reaching one billion people with reliable, renewable energy; (2) CLIMATE – avoiding and averting four billion tons of carbon emissions; and (3) JOBS – building an on-ramp to opportunity by creating, enabling, or improving 150 million jobs.

Three philanthropic organizations – the Rockefeller Foundation, the Bezos Earth Fund, and the IKEA Foundation, are providing USD10 billion to the Alliance as base grant capital.