"Contributing to the fight against climate change, the investments will finance small-scale renewable energy projects in sub-Saharan and southern Africa as well as in Asia. The announcement was made today by European Environment Commissioner Stavros Dimas at a presentation of the GEEREF at the UN Climate Change Conference in Poznan, Poland."

"The Global Energy Efficiency and Renewable Energy Fund (GEEREF) is creating a finance platform to support the global fight against both climate change and poverty," Commissioner Dimas said. "Tackling both these issues together is at the heart of the EU's 'shared vision' for a global and comprehensive international agreement on climate change that we are discussing here in Poznan and which must be concluded by the end of 2009"

"Together the European Commission, Germany and Norway have committed about €110m to the GEEREF over the period 2007-2011 and it is envisaged that further financing from other public and private sources will be forthcoming."

"GEEREF is managed by an investment committee of delegates representing its shareholders and industry experts. It is advised by the European Investment Fund and the European Investment Bank."

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