Kenya is poised to take a stance in urging developed countries to take action for their greenhouse gas emissions by creating a fund for renewable energy projects in Africa. “We want to move away from our dependence on fuel and also hydro,” Kenyan Prime Minister Raila Odinga said.
The East African country is attempting to almost triple its electricity-generating capacity to 3,200 MW by 2012 using all forms of energy including nuclear power and renewable energy sources according to Odinga.
Kenya will look to raise capital through private investors, while also pursuing other avenues such as a “carbon fund” in which rich nations pool resources to finance clean energy projects, he said.