U.K. Seeks to Use Climate Funds to Spur Kenyan Geothermal: The U.K. government plans to spur use of Britain's g...

U.K. Seeks to Use Climate Funds to Spur Kenyan Geothermal | Renewable Energy News Article

renewableenergyworld.com 27 Sep '12, 3pm

U.K. Seeks to Use Climate Funds to Spur Kenyan Geothermal: The U.K. government plans to spur use of Britain's g...

Energy and Climate Change Minister Greg Barker said he will head a trade delegation, including 30 executives from 19 U.K. companies, to the East African countries from Oct. 1 to 5. The markets have the potential to develop more than 15,000 megawatts of geothermal power, as well as wind and hydropower, he said. The low-carbon industry, including renewable generation and energy efficiency, is expected to be worth 4 trillion pounds ($6.5 trillion) by 2015, the minister said, and he wants London to remain the global center for raising “green finance.” “There’s a huge opportunity here to use the climate change agenda to drive investment and growth,” Barker said. “I’m looking to identify projects where a small investment of money from the international climate funds can trigger much larger flows of private sector capital into these new markets.” The U.K. will aim to use its 3 bi...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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U.K. Seeks to Use Climate Funds to Spur Kenyan Geothermal [link]