The UN launches a Global Grids Accelerator

The UN Secretary-General launched the Global Grids Accelerator during Climate Summit week, initially focusing on Africa and Southeast Asia. Governments identify priority grid projects, while partners combine policy expertise, project preparation, finance and implementation support. UNCTAD says electricity demand is growing more than twice as fast as total energy demand and more than 2,500 gigawatts of renewable and storage projects are waiting in grid queues; by 2030, annual demand growth will equal Japan's electricity use. Milestones extend through COP31 and 2027, but funding, project lists and delivery speed remain undisclosed.