Monday, November 30, 2015

USA & 19 Countries Pledge Increase in Clean Energy Fund

President Obama and 19 world leaders at the United Nations’ climate change conference in Paris committed to double the amount of money they put into clean energy research and development.  The commitment is part of a proposed worldwide pact to fight global warming.
The commitment would put the countries’ funding for low- or zero-carbon technologies like wind power and nuclear energy at about $20 billion in five years, with about half of that amount spent by the United States. Dubbed Mission Innovation, it relies on research and development strategies that have proven successful in the United States.
The increased funding, about 15 percent per year starting in 2017, would rely on Congress for funding.  (The Hill, 11/29/2015)  [Joint Launch Statement]

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