WASHINGTON (AP) — President Barack Obama is setting a goal of raising $2 billion from the private sector for investments in clean energy.
The White House says it’s launching a Clean Energy Investment Initiative as part of the Obama administration’s effort to address climate change.READ MORE: Man Shot In The Torso Near Lincoln-Lemington
The Energy Department will solicit investments from philanthropists and investors concerned about climate change. The aim is to spur development of technologies and energy sources that are low in carbon dioxide pollution, such as solar panels, wind power, fuel cells and advanced batteries.READ MORE: Pittsburgh Weather: Spotty Showers For Sunday
The White House says groups like Wells Fargo, the University of California Board of Regents, and the William and Flora Hewlett Foundation are committing to scale up their investments in clean energy.
The White House will also host a Clean Energy Investment Summit this spring.MORE NEWS: Overnight Wrong-Way Crash On I-79 Kills A Driver
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.