Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-03-12-Speech-3-386"
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"en.20080312.25.3-386"2
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"Mr President, the report by Mr Turmes concerns a very ambitious target for developing countries to use their energy resources efficiently. These countries are frequently in geographical regions where it is possible to exploit cheap natural renewable energy resources.
There can also be progress in development without massive investment in the latest technology. For example, the production of charcoal from the meagre reserves of wood in those areas of Sub-Saharan Africa which are becoming desert is a more cost-effective way of using wood resources than simply burning it. They have to know how to char wood before burning it. You do not need a lot of money to teach skills like this and others. The principles upon which the GEEREF operates I interpret as such that it will not be possible to obtain money from the fund just to disseminate skills and knowledge, but of course other forms of development aid can be used for this purpose.
The funding of projects through equity investments is an interesting option. What is good about this from the point of view of those in receipt of the cash and those who spend it is that it does not add to the indebtedness of countries already in debt. The question arises, however, of how expensive it will be to manage this investment and monitor the ability of small companies to pay the money back.
This fund could, in the best-case scenario, prepare developing countries for slower growth in the use of fossil fuels. Our group is fully unanimous in its approval of Mr Turmes’s report."@en1
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