The U.S. recently launched the Clean Energy Demand Initiative (CEDI) at the 26th U.N. Climate Change Conference (COP26) in Glasgow, hoping to support countries to advance shared clean energy goals.
In a release last week, U.S. State Department officials said 39 companies have signed letters of intent to procure renewable energy resources for technology, manufacturing, retail and health.
"CEDI will serve as a platform for stakeholder engagement and country partnerships and create a venue for companies and countries to signal investment potential and policy plans," State Department officials said in the press release.
High-ranking officials from Indonesia, Nigeria, the Philippines and Thailand were all present at the launch event, along with representatives from Amazon, HP, IKEA and Nike, the release states
According to the release, with over 75 companies in total expressing interest, the endeavor has the potential to unlock up to $67 billion in power infrastructure. In total, 14 country partners have signaled support for high-level principles to support global climate goals.
CEDI is among the U.S. efforts highlighted at COP26 to tackle the climate crisis, the release states. Over the course of the conference, the country will launch a range of new initiatives and partnerships to mobilize concrete action in areas such as methane, clean energy, forests, industrial decarbonization and adaptation.
