Developed countries have pledged over six billion dollars for the Climate Investment Funds to develop clean energy and fight climate change.

The World Bank advised that by early next year details would be provided as to how funds donors' money would be spent.

"These funds are all about demonstrating that low-carbon development

and climate resilient development can happen," stated Andrew Steer,

director general at Britain's Department for International Development.

The primary purpose of the climate funds was to bridge the cost gap

between clean technologies and dirty fossil fuels such as coal-fired

power plants.

A Clean Technology Fund would invest in projects and programs in

developing countries that were willing to adopt low-carbon

technologies and cut back on greenhouse gas emissions.

Management of the funds recognized that imploding climate change had

been responsible for drought, tidal surges and crop reductions.

Donor countries include Germany, Australia, France, Japan, the

Netherlands, Norway, Sweden, Switzerland, USA and Britain.

The State of the Planet

CARBON CONFUSION

http://www.youtube.com/watch?v=ZjfxtUMY0x4