On Monday, The White House announced that it will be initiating a new program, spending $350 million over a period of five years in order to supply developing nations with clean energy technology to combat greenhouse gas emissions and reduce global warming. The funding will be granted by drawing funds from international partners.
According to this program, solar power alternatives will be distributed for homes, including sun-powered lanterns and cleaning equipment and appliances. The funding will also be used to encourage renewable energy systems in the world’s poorer nations.
The Major Economies Forum (MEF) established the funding plan among the world’s top economies in the beginning of this year, planning to produce the details and spending at the July summit meeting in L’Aquila, Italy.
Spokesman Robert Gibbs from the White House said in a statement that U.S. will be supporting the program through a funding of $85 million, while the rest of the amount will be given by Australia, Britain, Netherlands, Norway and Switzerland.
According to him, President Barack Obama had given the responsibility to Energy Secretary Steven Chu to coordinate with partners in the MEF to insure immediate action on the program.
The White House said that the U.S. and it’s partners have been working to develop several technology action plans, in order to provide some suitable options to ambitious government action on 10 key clean energy technologies including:
- 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
- wind energy
The announcement was made in conjunction with the ongoing U.N.-sponsored climate change summit in Copenhagen, Denmark, which Obama will be attending later this week.
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