Bush moots fund to help India, China on clean energy sources


Newindpress.com, 30th January 2008

By S.Rajagopalan

WASHINGTON: President George W Bush has proposed a new international clean technology fund to help developing countries like India and China make greater use of clean energy sources.

In his State of the Union address, Bush said the United States was committed to working with major economies and the United Nations to complete an international agreement with the potential to “slow, stop and eventually reverse the growth of greenhouse gases”.

Bush, however, stressed that such an agreement will be effective “only if it includes commitments by every major economy and gives none a free ride”.

The US, it may be recalled, had voiced its “serious concerns” over a deal reached at the UN climate conference in Bali last month. It took the stand that developing countries like India and China should also be subject to targets on greenhouse gases emissions.

Bush, who did not go into details on this issue, said the US for its part was committed to strengthening energy security and confronting global climate change, he said adding the best way to meet these goals is for America to continue leading the way toward the development of cleaner and more energy-efficient technology”.

On the domestic front, he asked Congress to follow up the legislation to reduce oil consumption over the next decade by supporting steps to fund new technologies that can generate coal power while capturing carbon emissions.

“To build a future of energy security, we must trust in the creative genius of American researchers and entrepreneurs and empower them to pioneer a new generation of clean energy technology,” he said, adding: “Let us increase the use of renewable power and emissions-free nuclear power. Let us continue investing in advanced battery technology and renewable fuels to power the cars and trucks of the future.”

©2018 YTL Corporation Berhad (92647-H) | All rights reserved | Terms, Conditions and Disclaimers. | Privacy Policy.
Powered by YTL e-Solutions Bhd