100M€ for sustainable energy

The EU environment commissioner just proposed to dedicate 100M€ to a risk capital fund for supporting sustainable energy and efficient use of energy in the developing countries over the next four (4) years.

The Global Energy Efficiency and Renewable Energy Fund (GEEREF)

The developing countries and transition economies are in need for 9BN€! So the suggested 100M€ is a mere trickle, but hopefully it will encourage others to partake in this.

Maybe one should also think small as in on local scale. Perhaps microcredit institutes like the Grameen bank will come to the rescue?