Barclays thinks oil will be at $85 in 2020 [VIDEO]

sQuashie 22:37 - 28 October 2015

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The Barclays Renewable Energy Fund is a £100 million fund designed to help farmers in the UK meet the costs of renewable energy initiatives like wind farms, solar panels, organic waste power and hydro plants.

Michael Cohen, Barclays' head of energy markets research, discusses the outlook for oil prices with Bloomberg's Alix Steel and Scarlet Fu on "Bloomberg Markets."

The fund's loan budget will be unlimited and it has been suggested that the first £100 million could support more than 100 projects as the average cost varies between £250,000 and £700,000.