![AIIB and GEAPP Join Hands for Green Energy Transition AIIB and GEAPP Join Hands for Green Energy Transition](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglF1xUT_Xvjr_uLBwQihwZAqXIUGTM2JffUK3wF0ROhZ8e4RDyFyI_r4H_GrlW4YQiupjfXAIsadcvyAG6xM8BoN9leJ32i4zZVU5WxccyGNXnOBPAypErGcH44Ys1ZhS_pj8fTGwtIJUnqwO535J3jkSVt2CgLzuk0FgaQjqrO5VEypHShaYACXKmgg/w320-h239-rw/AIIB.jpeg)
- The Vice-President (Policy and Strategy) of AIIB, Sir Danny Alexander, and the CEO of GEAPP, Simon Harford, signed a Letter of Intent (LoI).
- The ceremonial event also witnessed the presence of the following dignitaries:
- Jin Liqun (President of AIIB)
- Dr. Rajiv Shah (President of the Rockefeller Foundation)
- Per Heggenes (CEO of IKEA Foundation)
- Dr. Andrew Steer (President of Bezos Earth Fund)
- The strategic partnership between AIIB and GEAPP aims to mobilize USD 1 billion for accelerating the green energy transition.
- The primary objective of this collaboration between AIIB and GEAPP is to jointly address the challenges that lie in the way of achieving a green energy transition.
- The joint partnership will co-finance projects and programs in the areas like grid-based renewables and fossil-fuel transitioning.
- AIIB is a development bank that was established in 2016 with its headquarters in Beijing, China. The current President of the development bank is Jin Liqun.
- GEAPP was established by the Rockefeller Foundation in 2021 to accelerate energy transitions in developing and least-developed countries.
Question:
Q.1 Who partnered with the Global Energy Alliance for People and Planet (GEAPP) partnered for the financing of the green energy transition?a. World Bank
b. ADB
c. AIIB
d. NDB