President Bush Highlights Clean Energy Technologies to Address Climate Change at Major Economies Meeting
September 28, 2007
September 28, 2007 – President Bush's remarks at the Major Economies Meeting today focused on the need to address climate change through the use of advanced clean energy technologies: "Taken together, low-carbon technologies like wind and solar power have the potential to one day provide up to 20 percent of America's electricity."
The President also emphasized the need to make clean energy technology available worldwide: "So today I propose that we join together to create a new international clean technology fund. This fund will be supported by contributions from governments from around the world, and it will help finance clean energy projects in the developing world."
Reacting to the President's remarks, Assistant Secretary of Energy for Energy Efficiency and Renewable Energy Alexander Karsner added: "The President's call to emphasize clean energy financing through new international funding mechanisms is instrumental to the global commercialization and development of energy efficient and renewable energy technologies. They are critical to reducing greenhouse gas emissions and addressing the serious challenge of climate change."