Energy Peace Partners
Climate change is having increasingly dire consequences for human security. The least electrified countries in the world are also at greatest risk of conflict and climate impacts, but little climate finance and renewable energy investment reaches the nearly one billion people in the countries most affected. Through a combination of pioneering research and innovative finance, Energy Peace Partners works to support new renewable energy in fragile states as a building block for peace and stability. EPP has developed the Peace Renewable Energy Credit (P-REC) as a way to link international renewable energy markets with high-impact projects in fragile states. As access to affordable capital remains a challenge in these settings, P-RECs offer a new revenue stream to help finance renewable energy projects. In 2020 Microsoft and Google completed the first P-REC purchases from solar mini-grids in eastern and northern Congo. Support EPP’s efforts to link climate solutions with peacebuilding at www.energypeacepartners.com
Nuru’s 1.3MW solar mini-grid in Goma, DRC, from which Microsoft purchased the first Peace Renewable Energy Credits (P-RECs). The project provided first time electrification to a neighborhood with only 3% electricity access.
Photo credit: Zion Photographie (2020)
