The combined heat and power (or cogeneration) industry has formed a new trade association to promote the sector's growth around the world. Five companies, from Europe, India and the USA have come together to make up the membership of the International Cogeneration Alliance (ICA), which has just published its programme of aims and objectives. At the top of the ICA's agenda is to get political action to promote localised power generation, claiming that local gas-fired cogeneration is "in most cases the cheapest option for new electricity production". It also supports the use of wind and solar power for localised production. In its brochure, the ICA sets out five main areas in which it plans to campaign for change. These include fighting for: fair competition between power companies in liberalised markets, the implementation of the Kyoto protocol on climate change, and securing Development Bank funding for cogeneration and localised power production in developing countries. The sector's European trade body Cogen Europe is one of three trade associations which are already members of the ICA, along with the UK and Australian bodies.
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