Announcing the Student Energy Solutions Movement - $150 Million Youth-Led United Nations Energy Compact

Student Energy Youth - 2019

Today, Student Energy, New Energy Nexus, and the Government of Denmark announced the launch of the Student Energy Solutions Movement to world leaders and governments at the United Nations High-level dialogue on Energy, Ministerial Thematic Forums. This new, youth-led, global Energy Compact bridges the gap between motivation and action by directly funding and actively supporting the deployment of 10,000 youth-led clean energy projects by 2030.

As one of the first governments to champion the initiative, the Government of Denmark announced their commitment as the first confirmed funder of the Student Energy Solutions Movement:

"Tackling climate change is the biggest challenge of our time and it will not be easy, but seeing the motivation, innovation, creativity, and drive that young people around the world today are showing gives me hope that we will achieve our goals. The kind of ambition demonstrated by Student Energy to support 10,000 youth-led clean energy projects by 2030 is precisely what we need in order to accelerate the energy transition and achieve SDG7. Denmark is proud to be a funding partner of this initiative," says Asser Rasmussen Berling, Head of Department at the Centre for Global Climate Action at The Ministry of Climate, Energy and Utilities, Denmark.

Announcing the Solutions Movement Energy Compact

Student Energy's Solutions Movement Energy Compact aims to resource and deploy 10,000 youth-led clean energy projects by 2030, creating structural change by putting real financial resources in the hands of the world's most passionate youth. Funding required to meet this objective is $10 million by December 2021, and $150 million by 2030. The Compact will scale tangible action by young people 18-30 years old through a unique combination of project funding and education, training, and mentorship within Student Energy's programs ecosystem. 

Ambitions by 2030:

  • Launch 10,000 youth-led sustainable energy projects or businesses
  • Train 50,000 agile and employable youth workers, with a particular focus on reducing the energy skills gap in developing nations, and for women
  • Deploy $150 million toward upskilling, mentoring, and directly financing early- and mid-stage youth-led clean energy initiatives

Quotes: 

Meredith Adler, Executive Director, Student Energy 
"For decades, youth ambition and motivation have existed to transition our world to a more sustainable and equitable energy system, there just simply hadn't been the resourcing to bridge that motivation into action. In launching the solutions movement, we're shifting gears into taking action and deploying the energy and technology solutions we already have at our fingertips. I want to commend the High-level Dialogue on Energy for putting youth front and center, and for moving so quickly to get our global network engaged. It's refreshing to see other organizations move with the same hustle and pace as the world's young people!"

Danny Kennedy, CEO of New Energy Nexus 
"This is the decade to deploy the solutions we have at hand to address the climate crisis, and many of these solutions need to be youth-led. If these businesses are going to last decades, they are going to need the motivation and energy of young people to really disrupt the markets and overcome the incumbents that they're going to challenge. We at New Energy Nexus are really excited to partner with Student Energy to develop this movement of guided entrepreneurship."

Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary General for Sustainable Energy for All (SEforALL) 
"Every stakeholder has a key role to play as we aim to meet the SDG7 and Paris Agreement targets, including youth, and I am pleased to see the leadership being demonstrated by Student Energy with this Energy Compact commitment. SEforALL's first ever Youth Summit, held in February 2020, demonstrated our renewed commitment to bringing youth to the fore in this critical year, and it is great to see one of our organizing partners for the Summit come full circle by setting the pace for other young people to follow. This shows that beyond bringing their voices to the table, young people can design and fund the innovations required to achieve our energy and climate goals."

Achim Steiner, UNDP Administrator 
"I warmly welcome the launch of the Student Energy Compact. It is a strong symbol of the profound shifts taking place in the development sphere where young people are no longer waiting for others to act. They are taking up the baton, driving forward transformation in critical areas, including when it comes to how our world is powered. With more and more groups joining by the day, the United Nations is building a broad coalition of action to spark a clean energy revolution that will improve the lives of millions of people."

About the UNHigh Level Dialogue on Energy:

The UN Secretary-General will convene a High-level Dialogue on Energy during the 76th UN General Assembly on September 20, 2021 in New York, to accelerate progress towards achieving SDG7 by 2030. It presents a historic opportunity to provide transformational action in the first years of the Decade of Action. Ministerial-level Thematic Forums are bringing together key stakeholders virtually over five days to mobilize actions on the road to the High-level Dialogue on Energy. Ministers from national governments and leaders from business, civil society, and youth organizations showcased solutions on each priority theme and presented their Energy Compacts, outlining voluntary commitments and actions.

About Student Energy:

Student Energy is the world's largest youth-led organization empowering young people to accelerate the sustainable energy transition. Since founding in 2009, Student Energy has worked with thousands of youth from over 120 countries, to build the knowledge, skills, and networks they need to take action on energy. Student Energy operates on a unique youth empowerment model, which means that initiatives are co-created with youth, for youth.

Student Energy also works with governments, the UN, and other decision makers to facilitate meaningful youth engagement and mobilize resources, coaching, and mentorship to support youth-led work. Student Energy has built coalitions with over 100 diverse partners, such as Indigenous Clean Energy, Sustainable Energy for All, HSBC Global, the Stockholm Environment Institute, DNV, WSP, and national governments like Canada, Denmark, and Sweden. Student Energy has stewarded CAD$10 million+ in funding to date, supported the development of over 280 youth energy projects, held 6 international Student Energy Summits, and attracted over 12.5 million people to its digital energy education platforms.

Media Contacts:

Shakti Ramkumar, Director of Communications and Policy
shakti@studentenergy.org
+1 (604) 445 4306

Meredith Adler, Executive Director
meredith@studentenergy.org
+1 (604) 354 2930

Sean Collins, Co-Founder
scollins@studentenergy.org
+1 (780) 232 0339

Source: Student Energy

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Categories: Philanthropy, Foreign Government

Tags: clean energy, cleantech, climate, climatechange, COP26, energy, entrepreneurship, equity, finance, Paris Agreement, philanthropy, renewables, SDG, socialinnovation, student, United Nations, youth