UK to fund clean power projects in Africa

Dec 5, 2012 - UK’s energy and climate change minister Edward Davey said Tuesday that London would provide funding for renewable energy projects in Africa and for sustainable farming in Colombia through the International Climate Fund.

The fund is used to channel the UK’s funding efforts aimed at helping developing countries solve their climate change and poverty issues.

The latest support package consist in three separate measures, including a programme to help spurt private investment in renewable energy in Africa, a plan to cut cattle farming emissions and provide support for smaller farmers in Colombia, and a scheme to assist developing countries in the drafting of strategies to cut emissions.

Davey also confirmed the UK would proceed with the GBP 1.5 billion (USD 2.4bn/EUR 1.8bn) Fast Start financing it has previously pledged to deliver by the end of December 2012. He also said that Britain will remain committed to the global plan of raising USD 100 billion in annual aid by 2020 to fight global warming.

(GBP 1 = USD 1.611/EUR 1.229)

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