Obama looks to raise $2 billion in climate change investments

February 10, 2015 7:10 PM

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Obama looks to raise $2 billion in climate change investments

WASHINGTON (Reuters) - The Obama administration on Tuesday set a goal of raising $2 billion in philanthropic investments to fight climate change, including technologies to slash carbon emissions.

The Clean Energy Investment Initiative is seeking investments to try to bridge the "valley of death" - the gap in funding between research and development and commercialization that holds back many clean-energy startup companies - said Brian Deese, deputy director at the White House's Office of Mana...

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