The third edition of the Energy Compacts Annual Progress Report was launched on 25 September 2024 at the opening of the EnergyNow SDG7 Action Forum in New York. The report shows that new commitments to boost renewable energy and increase access to electricity and clean cooking technologies by 2030 have brought the finance and investment pledged through the Energy Compacts to US$ 1.4 trillion. Since 2021, Energy Compact proponents have enhanced electricity access for 177 million people, an increase of 48 million people in the past year, and clean cooking access for 23 million people. Since 2021, US$ 201 billion in finance was mobilized or deployed for Energy Compact actions, nearly a three-fold increase from 2023, with a majority of funds used for installing new renewable power generation -- [author website].

47 p. : graphs, ill., tables