28 Jan '14, 9am

Bill Clinton

As an alternative to current finance mechanisms Clinton suggested “a global financing facility” for renewable energy similar to the ‘Global Fund’. Image: World Economic Forum Former US president Bill Clinton has called for global investment in renewable energy and changes to the “inequality” of current financing mechanisms in the energy sector. At the ThomasLloyd Clean Tech Congress Europe in Frankfurt last week, Clinton highlighted long-term finance options is “what we do with traditional energy and coal fire power plants”, whereas currently investors and providers of solar and wind have to provide “all the money upfront”. Clinton argued that no one has “explained to people adequately” that there is “inequality in financing opportunities” for renewable energy and energy efficiency projects. At the forum for European investors on 24 January, titled ‘Meet Asia. Meet renewab...

Full article: http://www.pv-tech.org/news/bill_clinton_calls_for_global...

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