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Among the major development initiatives under discussion at the United Nations this week in New York is an ambitious goal set out by the World Bank and the African Development Bank, which aims to get electricity to 300 million Africans by 2030.
During the high-level week of the U.N. General Assembly, Devex caught up with Andrew Herscowitz, CEO of the M300 Accelerator, which aims to make these ambitions into reality.
M300 is based at the Rockefeller Foundation and supported by the Global Energy Alliance for People and Planet, or GEAPP, and Sustainable Energy for All, two international organizations focused on bringing clean energy to everyone.
Herscowitz is the former head of Power Africa, a previous energy initiative that, in its first decade, helped deliver new or improved electricity to nearly 200 million people in Africa. But he said the latest project was even more ambitious. In fact, he said, it was “probably the biggest thing that's happening in international development right now.”
It needs “quantum leaps in a couple of different areas” for the accelerator to succeed in its goals, he said. But he told Devex that he was confident that he and his allies had the resources to make those leaps happen.
Devex Senior Reporter Adva Saldinger sits down with Herscowitz to discuss more about M330 for a special episode of our weekly podcast series.
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About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
