"President Bush unveils a cleantech fund to help developing countries get more eco-savvy. But how do his efforts measure up against corporate and international government efforts?
Although it was far from his focal point, President Bush did touch on "clean energy" in his last State of the Union address Monday evening. He called for the pioneering efforts of the cleantech industry to help the country curb its dependence on oil and in turn boost its energy security, pointing to technologies like nuclear power, batteries and renewable fuels.
And then he moved on to the one real piece of greentech news.
"Let us create a new international clean-technology fund, which will help developing nations like India and China make greater use of clean energy sources," he said.
It sound good, but from details on the White House's Web site, it amounts to $2 billion spread out over three years. That's not huge, considering the U.S. government has committed nearly $18 billion to the research, development and adoption of clean technologies during Bush's presidency, according to the same site.
Here's a visual aid to help put the announcement in perspective of some of the other commitments governments and companies have made to combat climate change (scroll down):"
(Rachel Barron, Green Tech Media, January 29, 2008)
Edited by deej - Wed, 30 Jan 2008 22:21:01 GMT