February 1, 2008—President Bush committed to provide $2 billion over the next three years for a new international clean energy technology fund.
The President mentioned the fund during his final State of the Union Address, while an accompanying White House fact sheet includes the funding commitment and touts the fund as a tool to help confront climate change throughout the world.
The new fund will increase and accelerate the deployment of all forms of cleaner, more efficient technologies in developing nations like India and China. It will also help leverage substantial private-sector capital by making clean energy projects more financially attractive.
For more information, see the White House fact sheets on the energy aspects of the State of the Union Address.
