2021 was an exciting year for Energy Peace Partners in our journey to catalyze renewable energy development as a tool for peace in fragile regions. The organization grew: we established a regional office in Africa; our team expanded to include extraordinary individuals and advisors who bring passion, expertise, and commitment to our work; and we expanded our funding to include foundations with expertise in helping organizations scale.
Our programs gained traction: On the innovative finance front, P-REC supply and demand increased; we began facilitating the next set of P-REC transactions; we doubled the number of countries where we are authorized to issue P-RECs; we started building technology platforms to support a robust P-REC market; and we earned our first revenue from issuing P-RECs. Meanwhile, our Powering Peace initiative (with the Stimson Center) has published new pioneering research on Mali and renewable energy options for UN Peacekeeping more broadly, created political momentum, built consensus, and placed the issue of energy transitions in UN peace operations firmly on the agenda of UN member states, UN peacekeeping missions, and the UN Secretariat.
We began operationalizing ideas that aim to bring about system-level transformation: We launched the P-REC Aggregation Fund to direct capital and support renewable energy projects in some of the hardest-to-reach markets in sub-Saharan Africa; we began developing an evaluation framework to quantify the peace and social impacts of renewable energy projects that could serve as a sector-wide tool for measuring the wider social impacts of renewable energy.
To read our full newsletter, click here.