Washington, DC -
01/28/2008 - Philip E. Clapp, deputy managing director of the Pew Environment Group, issued the following statement on advance text of President Bush’s 2008 State of the Union address.
“The President’s proposal for a worldwide clean technology fund is a major landmark in addressing global warming. Developing countries will need billions in financial assistance to cut the growth of their climate pollution over the next several decades.
“Still, $2 billion is a very small amount of money given the scale of the problem. China alone is investing over $100 billion a year through its state-owned enterprises in new energy projects and resources, mostly in oil and coal-fired electricity. The President’s proposed fund must be accompanied by a strong new climate treaty to direct global business investment into clean energy technologies.”
Pew is no longer active in this line of work, but for more information, visit the main Pew Campaign on Global Warming page.