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Help The Poor, But Don't Give Them Solar Energy
Views: 571
May 22 2012 01:25 PM | eds in Economy & Politics
. . . which would allow it to source nearly 1/2 of its electricity from renewables,
. . . as well as become a net exporter of energy to Europe
. . . thanks to its interconnector stretching to Spain.
In anticipation of becoming a renewables powerhouse,
. . . Morocco doubled the capacity of the interconnector to 400MW in 2007.
Claiming the the World Bank’s Clean Technology Fund
. . . is supposed to be used to alleviate poverty,
. . . a British group is objecting to the use of World Bank funds in Morocco
. . . to deploy a Desertec solar project in Morocco
. . . that will export power to Europe.
The World Development Movement claims that using Clean Technology Fund money
. . . for the solar project would be a misuse of funds,
. . . as it claims that the program is intended partly to reduce poverty, and
. . . ”to prioritise projects that tackle poverty and aid transition to a low carbon economy,
. . . instead of subsidising multinational companies.”
But the objective of the Clean Technology Fund
. . . is to invest in clean energy projects in developing nations
. . . to cut greenhouse gas emissions of the recipient country over the long term,
. . . according to WRI.
Source: greenprophet