New Initiative To Accelerate African-Led Energy Transition Launched During COP29

African Climate Foundation incubating effort with $US2.1 million from The Rockefeller Foundation

CAPE TOWN | November 15, 2024 ― As Energy Day at the United Nations Climate Change Conference (COP 29) gets underway in Baku, Azerbaijan, the African Climate Foundation (ACF) announced the launch of the African Energy Futures Initiative (AEFI), a new funding platform focused on African-led and African-designed energy transition solutions. Seeded with a $US2.1 million grant from The Rockefeller Foundation, AEFI aims to provide multi-year funding to centers of excellence for energy systems modeling and analysis in Africa. Initially incubated within the ACF, which is the first African-led re-granter working at the nexus of climate and development on the continent, AEFI is actively seeking additional funding partners to support its ambitious vision.

“We are excited about the AEFI. We aim to build indigenous capacity in energy planning, modeling, and economic analysis across the continent. This aligns perfectly with the ACF’s approach to climate development investment platforms, as we move towards practical implementation. Our focus is on using knowledge and expertise to drive real change. Our new motto, from policy to implementation, reflects our commitment to solution-orientated action,” said Saliem Fakir, Executive Director of the ACF.

Approximately 600 million or 45% of Africans are without electricity, while a significantly large population lack access to affordable and reliable energy. This impedes the continent’s path towards inclusive growth and industrial development. The energy policy and investment decisions made in African countries today will impact development outcomes, emissions trajectories, and economic pathways for decades to come. Prioritizing individual country needs from a policy, investment, and local context will help ensure energy transition decisions made now will have the greatest future impact.

“To reach their potential and ensure everyone can benefit, Africa’s energy transitions must be locally led. With Africans in the lead, these initiatives will create opportunities for hundreds of millions of people in Africa to improve their lives and livelihoods, balancing the need for both energy abundance and decarbonization,” said Ashvin Dayal, Senior Vice President for Power and Climate at The Rockefeller Foundation. “Building local expert capacity to shape and manage these transitions will be hugely consequential for Africa’s climate and development journey over the next decades.”

The Energy for Growth Hub, with funding support from Schmidt Sciences and The Rockefeller Foundation, led the design of the initiative and secured initial resources for the AEFI in consultation with leading energy modeling experts and African organizations.

“No single energy transition plan or strategy is as critical as having world-class, trusted local experts who can adapt to the evolving needs of policymakers,” said Dr. Rose M. Mutiso, Research Director at the Energy for Growth Hub and AEFI Advisory Committee Chair. “We must invest more in the talented Africans capable of delivering the credible data and evidence needed to drive prosperous and equitable energy transitions across the continent.”

The New African Energy Futures Initiative:

AEFI will competitively award multi-year grant funding and technical assistance to African research organizations or ‘hubs’ of collaborating research groups, including universities, think tanks, and ministries. The flexible funds will enable them to attract and retain top talent, expand their research programs, and more effectively engage with policymakers. The first competitive grant process will launch in 2025, with the aim of supporting up to 20 hubs over the next decade. Specifically, AEFI will focus on:

• Supporting Emerging Talent: Funding for PhD students, Postdoctoral fellowships, and mentorship programs to nurture the next generation of African energy analysts.
• Expanding Research Capacity: Investing in new technologies and research tools to generate original data and insights.
• Engaging Policymakers: Strengthening connections between researchers and government institutions to ensure that data-driven analysis informs policy decisions.
• Building Collaboration Opportunities: Facilitating interdisciplinary learning and collaboration between global partners and African researchers to accelerate innovation and share best practices.

About African Climate Foundation (ACF)

The African Climate Foundation is the first African-led strategic re-granter working at the nexus of climate change and development. For more information, sign up for our mailing list at www.africanclimatefoundation.org and follow us on X @AfricanClimateF and LinkedIn.

About The Energy for Growth Hub

The Energy for Growth Hub is a global nonprofit network of scholars and advocates working to ensure all countries reach the high-energy future they need to become prosperous, competitive, and climate-resilient. Our mission is to promote energy goals, policies, and metrics aligned with countries’ own development ambitions. We seek to advance data-driven solutions by translating research into practical ideas and insights for policymakers. For more information, sign up for our newsletter at energyforgrowth.org and follow us on X @energyforgrowth and LinkedIn @the-energy-for-growth-hub.

About The Rockefeller Foundation

The Rockefeller Foundation is a pioneering philanthropy built on collaborative partnerships at the frontiers of science, technology, and innovation that enable individuals, families, and communities to flourish. We make big bets to promote the well-being of humanity. Today, we are focused on advancing human opportunity and reversing the climate crisis by transforming systems in food, health, energy, and finance. For more information, sign up for our newsletter at www.rockefellerfoundation.org/suscribe and follow us on X @RockefellerFdn and LI @the-rockefeller-foundation.