Bonn climate talks: New fundingmechanism proposed at side event totackle energy povertyby The Daily Eye Team June 20 2014, 8:04 am Estimated Reading Time: 0 mins, 54 secs
CSE and What Next Forum say Globally Funded Feed-in Tariff Mechanism
(G-FiT) for enabling renewable energy has the potential to provide energy access to all as well as mitigate climate change impacts Centre for Science and Environment (CSE) and What Next Forum successfully conducted a side event on “Enabling Renewable Energy for Energy Access through Globally Funded Feed-in Tariff Mechanism” last Friday at Bonn, Germany, under the umbrella of UNFCCC. As the subject indicates, enabling renewable energy for energy access through a globally supported financial mechanism is a bold and visionary idea which has the potential to simultaneously provide energy access to millions of people, enabling developing countries to invest in renewable energy and avoid future emissions from dirty and costly fossil fuels. With a focus on decentralised, community-oriented renewable energy, a new energy model can be promoted that addresses the needs of both people and the planet. This transformative solution can also help break the current impasse in the climate negotiations by offering genuine scope for cooperation between countries North and South.