U.S. Announces Energy Efficiency Assistance for Developing Countries

[Nathanael]

Here is some positive news from Copenhagen:




One of the biggest sticking points at the U.N Climate Change Conference in Copenhagen has been the role of developed nations in helping developing nations foot the bill to use more environmentally friendly sources of energy. Now Department of Energy Secretary Steven Chu has announced the Obama Administration’s new initiatives to promote clean energy technologies in developing countries.

Many of the programs are under the auspices of the Major Economies Forum on Energy and Climate (MEF). Secretary Chu also invited his counterparts in MEF and other countries to a first-ever Clean Energy Ministerial to be held next year.

One part of the new program is a Renewables and Efficiency Deployment Initiative (Climate REDI). The program will accelerate deployment of renewable energy and energy efficiency technologies in developing countries. Climate REDI includes a number of new clean energy technology programs and funding needed to launch a renewable energy program under the World Bank’s Strategic Climate Fund:


Link: http://www.energyboom.com/policy/us-announces-energy-efficiency-assistance-developing-countries

[unabelladonna]

1. what's the price tag?

whenever i see "funding", i get very nervous.