US clean energy sector attracts $4bn

The US is investing more than $4 billion (£2.52bn) in clean energy projects. The commitment has been made by major foundations and institutional investors, including the University of California and Goldman […]

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By Jacqueline Echevarria

The US is investing more than $4 billion (£2.52bn) in clean energy projects.

The commitment has been made by major foundations and institutional investors, including the University of California and Goldman Sachs, to fund innovative solutions to help fight climate change and reduce carbon pollution.

The latest investment surpasses the initial $2 billion goal set at the launch of Brack Obama’s Administration’s ‘Clean Energy Investment Initiative’ last February.

The White House made the announcement along with other programmes to boost private sector investment in clean energy.

US Energy Secertary Ernest Moriz said: “We must continue investing in these kinds of innovations if we are to maintain our leadership in reducing carbon pollution while also growing the economy.

“Today’s announcements will help ensure that even more American-made clean energy technologies can make the leap from an idea, to the laboratory, to the global marketplace.”