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 United Nations to US$ 1.6 trillion, with $284 billion already mobilized, according to the fourth edition of the Energy Compacts Annual Progress Report being released today.
the report, which is being launched at the EnergyNow SDG7 Action Forum on the margins of the UN General Assembly, shows expanding action under the Energy Compact voluntary commitments on both energy access and transition. Of the $284 billion mobilized or deployed since 2021 through the Compacts, the majority has been private sector investment in renewable power generation. The report cites figures from the 2025 Tracking SDG7 Report that over $4 trillion total investment is needed annually to reduce the ranks of 660 million people living without electricity and over 2 billion still cooking with polluting fuels, while setting the world on a climate action trajectory towards net-zero emissions by 2050 and averting ever-worsening climate impacts.