News Brief | September 2014
Private finance to solve green energy problem
Private finance, rather than public funds, will solve the issue of technology transfers from developed to developing countries such as India, UK´s secretary of state for climate change and energy Edward Davey has said. Davey, who visited India recently, said the UK government is looking to increase its partnership with India in sectors such as gas, petroleum and renewable energy. He said all countries need to work to counter climate change, but it is important that developed countries commit to do a lot more than developing countries.