Clean Technology Fund to Tackle Climate Change
R. G. Lugar, US Sen. & H. M. Paulson Jr., Sec. US Treasury | July 15
The Clean Technology Fund - a multilateral initiative developed by the G8 and the World Bank -, would help reduce greenhouse gas emissions by financing the use of clean technology in developing countries. ++ CO2 emissions of developing economies will soon exceed those of the developed ones. ++ Only advanced technology can help emerging economies curb their emissions growth without affecting economic growth. ++ It is crucial to be economically neutral when choosing between clean and dirty technologies - the CTF allows this.
