- Associated Press - Tuesday, February 10, 2015

WASHINGTON (AP) - President Barack Obama is setting a goal of raising $2 billion from the private sector for investments in clean energy.

The White House says it’s launching a Clean Energy Investment Initiative as part of the Obama administration’s effort to address climate change.

The Energy Department will solicit investments from philanthropists and investors concerned about climate change. The aim is to spur development of technologies and energy sources that are low in carbon dioxide pollution, such as solar panels, wind power, fuel cells and advanced batteries.

The White House says groups like Wells Fargo, the University of California Board of Regents, and the William and Flora Hewlett Foundation are committing to scale up their investments in clean energy.

The White House will also host a Clean Energy Investment Summit this spring.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide