16 Countries Pledge Billions Towards Clean Energy

The United States held the first Global Clean Energy Action Forum in Pittsburgh, Pennsylvania, where leaders from around the world gathered and collectively pledged billions of dollars to accelerate the equitable transition towards a greener future.

“Investing in innovation anywhere speeds deployment and increases the affordability of clean energy everywhere,” says U.S. Secretary of Energy Jennifer M. Granholm.  “It has been amazing […] to witness the collaboration across the energy ecosystem – world leaders, industry, investors and advocates – for concrete plans to work together on major demonstration and innovation projects that will help deploy clean energy faster.”

Over a dozen countries – including Australia, Canada, Finland, France, Germany, Japan, the Netherlands, Norway, Poland, the Republic of Korea, Singapore, Sweden, the United Arab Emirates, and the United Kingdom – have risen up to President Biden’s challenge to mobilize $90 billion by 2026 for demonstrating clean energy technologies. Indeed, the countries delivered $94 billion, achieving the goal four years ahead of schedule. A series of announcements have been made, including the Zero-Emissions Government Fleet Declaration with countries vowing to reach 100% zero-emission medium- and heavy-duty vehicle acquisitions by 2035, and the New Industrial Heat EarthShot aimed at reducing at least 85% greenhouse gas emissions by 2035 through the development of cost-competitive industrial heat decarbonization technologies.