Featured White Papers
US urges support for clean technology fund
AFP, June, 2008
 | Content provided in partnership with |  |
OSAKA (AFP) — US Treasury Secretary Henry Paulson on Friday urged rich countries to contribute to a fund of up to 10 billion dollars to help emerging nations switch to clean technologies to tackle climate change.
The United States, Japan and Britain have proposed setting up a multilateral fund involving the World Bank that would help emerging economies to slash greenhouse gas emissions blamed for global warming.
"This is critical. None of us in the world are going to solve this problem unless we deal with it here," Paulson told a joint press conference with his British and Japanese counterparts and World Bank president Robert Zoellick.
The fund should help emerging countries such as China and India to remain key drivers of the global economy while also tackling emissions, said Paulson, who was attending a meeting of Group of Eight finance ministers here.
He said the United States was willing ...
