Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-03-12-Speech-3-390"

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"Mr President, Commissioner, I would like to begin by congratulating Mr Turmes on his report and the Commission on its initiative. Many of us believe that the European Union must consider support for renewable energies and energy efficiency as not just an integral part of its energy and climate change strategy, but also an integral part of its development policy. Therefore, the proposal to create a Global Energy Efficiency and Renewable Energy Fund to mobilise private investment for developing countries and economies in transition is very interesting. What is needed for ideal modest financing is the establishment of priorities and synergies with other existing programmes and with the World Bank and regional development banks, which are increasingly investing in renewable energies and in energy efficiency. However, after the first few years of implementation of the new instrument the results will have to be assessed and efforts made to encourage substantial increases in the contributions from the actors concerned. I agree that everything suggests at present that the support should principally target Africa and Latin America."@en1

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