Emerging Nations Seek G8 Help for Clean Technology

May 25th, 2008 | Categories: Cleantech · Global Warming | Tags: G8 Global Environmental Crisis Clean technology financing

One of the major questions that remain in the effort to reduce the effects of global warming is “who pays to solve the problem?” Based on the outcome of the weekends’ G8 talks in Kobe Japan on the global environmental crisis (see Reuters article
“G8 climate talks seek momentum on emission cuts“), it seems that there are plenty of declarations but very few practical solutions. One of the interesting themes that came out of the talks was the need to fund technology development. I wonder if this is the best use of public money since there are so many products already available that are not being implemented due to a lack of awareness, government incentives and innovative financial programs such as pay-per save or leasing equipment. Shouldn’t we be encouraging the deployment of existing technologies rather than spending millions in research projects that have only a small chance of reaching the market?

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