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World Bank will raise $5.5 billion cleantech funding with the U.S., Britain and Japan

Posted on May 26, 2008

Not content to let VCs and private investors have all the fun, the World Bank, U.S., Britain and Japan have announced they will raise at least $5.5 billion for two climate change funds a cleantech fund, which will begin with $5 billion, and one for research and development, with $500 million. The cleantech fund, which will be supported by 40 developing and industrialized countries, will help poor countries gain access to clean technologies.The World Bank will set up the funds this July and hopes to raise the cash by the end of the fall, Katherine Sierra, its vice president for sustainable ...

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clean energy , cleantech fund , emissions , nuclear , program , solar , vc , wind , wind power