GET.transform Joins Sustainable Renewables Risk Mitigation Initiative

SRMI higlighted new partners and role of partnerships in scaling energy transitions at COP28
solar pv park
(c) istock/Leo Patrizi

GET.transform is thrilled to announce its partnership with the Sustainable Renewables Risk Mitigation Initiative (SRMI). Next to GET.transform, which is implemented through GIZ, the initiative welcomes three more partners: the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), and the African Development Bank (AfDB). This expansion will enable greater cooperation, knowledge sharing, and capacity building in the support of energy transitions worldwide.

Originally launched in 2018 by the World Bank-ESMAP in collaboration with the French Development Agency (AFD), IRENA, the Internatinal Solar Alliance (ISA), and Sustainable Energy for All (SE4All), SRMI aims to boost clean energy investment in emerging markets.

On 8 December 2023, SRMI hosted a side-event at COP28 to introduce the new partners and explore the role of partnerships in scaling renewable energy access. GET.transform will particularly contribute to the initiative with its extensive expertise in on- and off-grid regulation and market development. To mark and celebrate the teaming up of complimentary partners, Ingrid-Gabriela Hoven, Managing Director at GIZ, opened the event which saw further contributions from high-level representatives of the participating institutions and partners:

  • Maya Rani Puspita, Executive Vice-President, Indonesia PT PLN
  • Stéphane Hallegatte, Senior Climate Change Advisor, World Bank
  • Pradeep Tharakan, Director of Energy Transition, Asian Development Bank
  • Gianpiero Nacci, Director, Sustainable Business & Infrastructure, Climate Strategy and Delivery, EBRD
  • Tony Nyong, Director for Climate Change and Green Growth, African Development Bank
  • Emmanuelle Lachaussee, Deputy Director for the Environment and Climate, Ministry for Europe and Foreign Affairs, France

While looking ahead to new joint activities and effective solutions, the event also took stock of the impact the initiative and its partners already yielded since its inception in 2018. Together, SRMI Partners have an undeniable global reach and impact, have enabled 30 GW of renewable energy, mobilised US$17 billion in private investments, and have provided 100 million people with access to modern energy. Find a visual summary of this impact below or watch the full replay of the event.

Banner for the SRMI side-event at the UN climate conference COP28 in Dubai, UAE in December 2023
Ingrid-Gabriela Hoven, Managing Director GIZ, at SRMI side event at COP28
Speaker panel at SRMI side event at COP28 in Dubai
Impressions from the COP28 side event on 8 December, 2023 (c) World Bank