[sustran] fwd: GEF Award for Fuel Cells

[Paul Barter]

-----Original Message-----
From: owner-sustran-discuss at jca.ax.apc.org
[mailto:owner-sustran-discuss at jca.ax.apc.org]
Sent: Wednesday, 16 May 2001 4:11
To: sustran-discuss-approval at jca.apc.org
Subject: BOUNCE sustran-discuss at jca.ax.apc.org: Non-member submission
from [Lloyd Wright <LWright at afr-sd.org>] 


>From sustran at po.jaring.my  Wed May 16 05:11:06 2001
Date: Tue, 15 May 2001 16:11:08 -0400
From: Lloyd Wright <LWright at afr-sd.org>
Organization: US Agency for International Development

Does anyone know if the $28 million in GEF funding for fuel cells is in
addition to the previous GEF announcement on fuel cells (I believe at
$10 million)?  In any event, it seems like a questionable use of such a
large amount of funds; too bad the $28 million is not being applied to
busways or non-motorised options where it could really make a
difference.

GLOBAL ENVIRONMENT FACILITY: 16 Projects Funded
     At a three-day meeting ending last Friday, the Global Environment
Facility's governing council approved a work program providing $150.5
million for 16 projects around the world addressing biodiversity loss,
climate change, degraded waters and ozone depletion.
     Outside investment of $385 million will help cover a total program
cost of $535.5 million. Program elements include an $8.6 million pilot
project to control persistent organic pollutants (POPs) in countries
from Bulgaria to Zambia, a $28 million plan to develop fuel cell buses
in India and China, $23 million in ecosystem management projects in
Senegal and Latin America and a $41 million nutrient reduction project
in the Danube and Black Sea basin.
     Citing a program in Nigeria for which outside sources are providing
13 times as much funding as the GEF, Chairman Mohamed El-Ashry called
matching funds "crucial" to achieving the facility's goals. "Such
cooperation helps to spread the risks associated with project
implementation, to leverage firm commitments from project beneficiaries,
to strengthen ownership of these projects in the countries concerned and
to improve the likelihood that successful interventions will be
replicated within and across national borders," El-Ashry said.
     Since its founding in 1994, the GEF has provided $3.3 billion of
the $11.5 billion total value of its sponsored projects.
     The GEF counts 167 member countries and is the designated financial
mechanism for international agreements on biodiversity, climate change
and POPs. The facility is managed by a host of UN and other
international agencies, including the UN Development Program, the UN
Environment Program, the World Bank and the Food and Agriculture
Organization (GEF release, 14 May. Note: You may need to download free
software to view this PDF file).


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