Vienna, Austria [RenewableEnergyWorld.com] UK Environment Minister Phil Woolas has announced that the United Kingdom will remain the world’s leading donor to the Renewable Energy and Energy Efficiency Partnership (REEEP). Minister Woolas said that the funding will be part of a 3-year financial commitment to REEEP by the UK.
The UK will commit £2.5 million [US $5 million] in funding for the coming year and has contributed nearly £9 million [US $18 million] to the partnership since its inception in 2003.
“The world needs to shift to a low carbon economy, and it needs to do it quickly…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,” Woolas said.
Meanwhile, many people have criticised Great Britain for privately questioning its commitment to the country’s renewables obligation.
Since its inception in 2004, REEEP has grown significantly with other donors including Norway and Australia also contributing substantially to its programs and activities. REEEP’s successes have been recognized by the G8 as making a significant contribution to the deployment of low carbon technology in developing countries.
REEEP is an international alliance of governments, NGOs and businesses dedicated to accelerating and expanding the global market for renewable energy and energy-efficient technologies. It focuses on reducing carbon emissions, improving energy security and ensuring access to clean energy.