October 27, 2008
As the World Bank moves closer to launching a multi-billion-dollar Clean Technology Fund (CTF) designed to help developing countries cut greenhouse gas emissions, serious questions remain about how the money would actually be spent. New legislation introduced in the U.S. Congress would make many coal projects ineligible for CTF funds. CGD policy and outreach assistant Joel Meister reports that, while the result is still uncertain, this is a hopeful sign that the CTF ultimately will focus on truly clean technology.