Microfinance Institutions Reducing Fossil Fuel Dependence
Friday, January 22nd, 2010
In December, the Pacific Renewable Energy and Microfinance (PREM) project trained Microfinance Institutions on the important role they play in reducing Pacific fossil fuel dependence. The training, undertaken by The Foundation for Development Cooperation (FDC) is just one part of the PREM project that aims to develop innovative loan products that support financing of renewable and energy efficiency technology in the Pacific. The project, funded by Renewable Energy and Energy Efficiency Partnership (REEEP), works with Microfinance Institutions in Fiji, Samoa and Vanuatu to remove barriers to renewable energy and energy efficiency uptake in the Pacific. REEEP is an international multi-stakeholder partnership aiming to accelerate the market for renewable energy and energy efficiency. More…