IBM teams up to Help accelerate clean energy transition for vulnerable populations

IBM teams up to Help accelerate clean energy transition for vulnerable populations

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The initiative will support organizations such as United Nations Development Programme, Sustainable Energy for All, Net Zero Atlantic, Miyakojima City Government, and Environment Without Borders Foundation for this IBM Sustainability Accelerator environmental cohort

ARMONK, N.Y. and SHARM EL SHEIKH, Egypt /PRNewswire/ -- IBM (NYSE: IBM) announced today at COP27 the new members of its global pro bono social impact program, the IBM Sustainability Accelerator. This program applies IBM technologies, such as hybrid cloud and artificial intelligence, and an ecosystem of experts to enhance and scale projects focused on populations vulnerable to environmental threats, including climate change. All new members will focus on accelerating clean energy projects. IBM has previously announced it plans to select five organizations for this program each year and expects to provide $30 million worth of services by the end of 2023.

According to the International Energy Agency, the impacts of the COVID-19 pandemic, disruptions to global supply chains, and diversion of fiscal resources to keep food and fuel prices affordable, have affected the pace of progress toward the United Nations Sustainable Development Goal (SDG 7) of ensuring access to affordable, reliable, sustainable, and modern energy by 2030.

"With the IBM Sustainability Accelerator, we are convening experts and using innovative