Will the UN’s Climate Change Fund solve South Africa’s energy problems?

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Recently the UN announced the establishment of a new Climate Change Fund that will be designed to invest more than $100 billion per year to implement cleantechnologies in the poorest countries of the world.

The question is whether this fund will solve our energy problems.

I believe that such a fund can only succeed if the fund is administered in such a way as to allow a large group of service providers to compete in this emerging industry. If the funds are given to the usual suspects like GE, Siemens 3M etc…

One of the key benefits of decentralized renewable energy generation such as solar thermal heating and cooling and solar pv is that smaller players can compete to provide an efficient solution to clients’ energy needs.