U.S. pledges $350M clean tech fund to sweeten deal at Copenhagen
December 14, 2009
From the Guardian newspaper: The Obama administration tried to sweeten a climate change deal for developing countries today with the promise of a $350m fund for the development of new clean energy technologies. The fund will be used to encourage the development of renewable energy projects such as wind and solar power and more energy efficient appliances in the developing world.
In an appearance at the climate change summit in Copenhagen, the energy secretary Steven Chu likened the initiative to the breakthrough of seed technology which helped lift countries in Asia out of poverty. “We need a gamechanger like the green revolution was for agriculture,” he said. Read more