£2.5 million for renewable energy partnership
The UK will remain the world’s leading donor to the Renewable Energy and Energy Efficiency Partnership (REEEP), with £2.5 million in funding for the coming year announced by UK Energy Minister Energy Malcolm Wicks in Japan this week.
UK Environment Minister, Phil Woolas said that the funding would form part of a three year further financial commitment to REEEP by the UK. The UK has contributed nearly £9 million to the Partnership since its inception in 2003.
Mr Woolas said:
“The world needs to shift to a low carbon economy, and it needs to do it quickly. This week’s Budget showed that we in the UK are serious about moving to low carbon growth within our own borders – and this funding, alongside our other financial commitments to low carbon development, shows that we’re serious about putting in place the right conditions to support other countries as well.
“Driven by funding and support from the UK, REEEP has become one of the most successful partnerships of the World Sustainable Development Dialogue. It has implemented a wide range of projects that are helping to scale up investment in renewable energy and energy efficiency, and it has developed a network that enables success and best practice to be quickly replicated and scaled up so that it can make an even bigger impact.
“This is exactly the sort of catalyst for change we need if we are to meet the immense challenges ahead.”
Further information
Page published: 20 March 2008