Abstract
ENERGY SECRETARY Steven Chu has announced a new global plan to encourage development and deployment of renewable energy technologies in the developing world. Some $350 million over five years will be provided through the Climate Renewables & Efficiency Deployment Initiative, Chu said last week at the United Nations climate conference in Copenhagen. The U.S. will contribute $85 million, with the rest coming from other developed countries. Chu explained that the funds will be divided among four programs, including one to accelerate deployment of inexpensive solar home systems and light-emitting-diode lanterns to replace kerosene home lighting. Other programs will encourage rapid deployment of energy-saving appliances in developing nations, provide an online platform for countries to exchange technical information, and scale up a World Bank fund to provide technical energy assistance to low-income countries. Most of the funding—some $250 million—will support the World Bank program, and the remaining $100 mil...
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