Bush holds the line

He has always insisted that all the USA should do is invest in research

THE US will commit $US2 billion over the next three years for a new international fund to promote clean energy technologies and fight climate change, President George W. Bush will tell Congress today in his annual State of the Union speech. "Along with contributions from other countries, this fund will increase and accelerate the deployment of all forms of cleaner, more efficient technologies in developing nations like India and China, and help leverage substantial private-sector capital by making clean energy projects more financially attractive," the White House said in a fact sheet on Mr Bush's speech.

Mr Bush plans to reaffirm the United States' commitment to work with major economies and through the United Nations to complete an international agreement that will slow, stop, and eventually reverse the growth of greenhouse gases. "This agreement will be effective only if it includes commitments by every major economy and gives none a free ride," the White House said.

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Posted by John Ray