President announces clean energy fund

The President committed to providing $2 billion over the next three years to this fund, which will increase and accelerate the deployment of all forms of cleaner, more efficient technologies to developing nations.

01/31/2008



President Bush committed on Monday to provide $2 billion over the next three years for a new international clean energy technology fund, which herojects more financially attractive. President Bush first proposed the fund in September 2007 at the First Major Economies Meeting on Energy Security and Climate Change. See the White House fact sheets on the energy aspects of the State of the Union Address and on the September 2007 proposal.

To complement the new fund, the United States and the European Union submitted a joint proposal to the World Trade Organization in late November to eliminate barriers to clean energy and environmental services. Global trade in the goods covered by the proposal totaled $613 billion in 2006. According to the World Bank, that trade could increase by an additional 7% to 4% per year under the proposal. See the U.S. State Department press release .





No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Combined heat and power; Assessing replacement of electrical systems; Energy codes and lighting; Salary Survey; Fan efficiency
Commissioning lighting control systems; 2016 Commissioning Giants; Design high-efficiency hot water systems for hospitals; Evaluating condensation and condensate
Solving HVAC challenges; Thermal comfort criteria; Liquid-immersion cooling; Specifying VRF systems; 2016 Product of the Year winners
Driving motor efficiency; Preventing Arc Flash in mission critical facilities; Integrating alternative power and existing electrical systems
Putting COPS into context; Designing medium-voltage electrical systems; Planning and designing resilient, efficient data centers; The nine steps of designing generator fuel systems
Designing generator systems; Using online commissioning tools; Selective coordination best practices
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.
click me