EU Clean Energy Fund Selects First Batch of Investments

The Global Energy Efficiency and Renewable Energy Fund, which was established by the European Commission, will disburse a total of EUR22 million (USD29.4 million) for its first set of investments including small scale renewable energy projects in sub-Saharan and southern Africa as well as Asia. “The GEEREF is creating a finance platform to support the global fight against both climate change and poverty,” European Environment Commissioner Stavros Dimas said. (“GEEREF clean energy fund decides on first investment of EUR22 million to support projects in Africa and Asia” - Europa, Dec. 11, 2008)