Tags: Climate | Energy | Poor | Nations

US Reveals Fund for Green Tech in Poor Nations

Monday, 14 Dec 2009 09:18 AM


A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink

The White House on Monday announced a new program drawing funds from international partners to spend $350 million over five years to supply developing nations with clean energy technology to curb greenhouse gas emissions and reduce global warming.

The program will contribute to distribution of solar power alternatives for homes, including sun-powered lanterns, supply of cleaner equipment and appliances and a push to fund and put in place renewable energy systems in the world's poorer nations.

The funding plan grew out of the Major Economies Forum (MEF) established among the world's top economies earlier this year, with a decision to produce detail plans and spending at the July summit meeting in L'Aquila, Italy.

The U.S. share of the program will amount to $85 million with the remainder coming from Australia, Britain, Netherlands, Norway and Switzerland, the White House said in a statement by spokesman Robert Gibbs.

He said President Barack Obama had assigned Energy Secretary Steven Chu to coordinate with partners in the MEF to insure immediate action on the program.

The White House said the U.S. and it's partners in the effort "have been working to develop a suite of technology action plans, which lay out options for ambitious government action on 10 key clean energy technologies: advanced vehicles; bio-energy; building energy efficiency; carbon capture, use and storage; high-efficiency, low-emissions coal; industrial energy efficiency; marine energy; smart grid; solar energy; and wind energy."

The plan was announced in conjunction with the ongoing U.N.-sponsored climate change summit in Copenhagen, Denmark. Obama will attend the gathering later this week.

Chu and four other members of Obama's Cabinet already are at the summit, where delegates have focused so far on the question of how much developed nations will contribute to poor countries to help them develop clean energy technology to mitigate emissions of carbon dioxide and other greenhouse gases that are blamed for rising global temperatures.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Study: Even Casually Smoking Marijuana Can Change Your Brain

Wednesday, 16 Apr 2014 14:26 PM

Casual use of marijuana can produce changes in parts of the brain associated with emotion and motivation, according to a . . .

Scientist Apologizes for Mistakes in Stem Cell Research

Wednesday, 16 Apr 2014 13:29 PM

A Japanese scientist who co-authored what was deemed breakthrough stem cell research issued an apology Wednesday over mi . . .

US Wins More Guilty Pleas in First Counterfeit Apps Case

Tuesday, 15 Apr 2014 18:45 PM

The final defendants in what the U.S. government called its first prosecution of a counterfeit apps case have pleaded gu . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved