Congress Urged to Adopt Clean Technology Fund. By Richard G. Lugar and Henry M. Paulson, WashPost, July 14, 2008. "Expanding the use of clean technologies is one way to address the common challenge of reducing greenhouse gas emissions while transcending the differences here at home and between developed and developing countries. That is why we support a new multilateral initiative to help finance the deployment of commercially available clean technology to the developing world. This Clean Technology Fund... is an important opportunity for which American leadership is vital. The [G8] countries... have been working with potential donor and recipient countries over the past eight months to create [it]. The aim... is to reduce the growth of greenhouse gas emissions in developing countries by helping finance the additional costs of using cleaner energy technologies... Such emerging technologies include carbon capture and storage... The proposed U.S. contribution of $2 billion would be matched by up to $8 billion from other donors to the fund, which is to be housed at the World Bank. At last week's G-8 summit, the leaders stated their support... If we do not act immediately to help provide developing countries with the right incentives, their investments today may lock in a legacy of highly polluting, less efficient technologies. We encourage our colleagues in Congress to come together to support this multilateral initiative. It is one of the most significant efforts proposed in years to address the challenges of climate change." Richard G. Lugar is a Republican senator from Indiana. Henry M. Paulson Jr. is secretary of the Treasury.
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