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Hillary announces $20 million partnership between the US and African nations to boost clean energy projects

Monday, June 25, 2012


Because green investments have been such a smashing success in America.

Secretary of State Hillary Clinton on Friday announced a $20 million partnership between the United States and African nations to boost clean energy projects.

The aid money is part of the United States’ contribution to the United Nations Sustainable Energy for All initiative, which was launched last year. United Nations Secretary General Ban Ki-Moon announced during this week’s Rio+20 U.N. summit on sustainable development that 50 countries have pledged $50 billion to the effort, which aims to double the share of global renewable energy by 2030. . . .

The U.S. share is $2 billion, in the form of public-private energy technology and grants, loans and loan guarantees to support the initiative. The $20 million in government funding is expected to unlock many times that amount in private investments, Clinton said.

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