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mapFinancing renewables
At the Clinton Global Initiative in September 2007, we committed $8-10 billion over the next five years to finance renewable energy and clean technology projects in Asia, Africa and the Middle East.
With a focus on wind, hydro, geothermal, solar, biomass and coal bed methane, the development of renewable energy projects will help mitigate the effects of climate change, a stated goal for a number of our markets.
It will also contribute to greater economies of scale in the renewable energy sector, thereby helping drive down unit costs of clean energy and deliver the much needed growth in energy supply which many emerging economies require to alleviate poverty and deliver stable economic growth.