White House rallies investors to commit $4 billion to clean energy

Tuesday, June 16, 2015

The White House has pushed foundations, institutional investors and philanthropies to commit more than $4 billion to clean energy projects and help fight climate change, doubling a goal set in February, officials said.

The administration issued a call to action early in the year asking them to make commitments on clean energy innovation, and “we’ve seen a really overwhelming response,” White House senior adviser Brian Deese told reporters in a conference call late on Monday.

To help facilitate the commitments, the administration increased access to federal information and provided technical assistance, Deese said. However, the extent to which the White House’s call to action actually increased commitments they may have been considering anyway was unclear.

Source: Reuters (link opens in a new window)

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Energy, Entrepreneurship, Environment
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energy, environment, government, impact investing