September 26, 2005

Climate change named as one of four focal points for the Clinton Global Initiative

NEW YORK, NY-Climate change is one of the four commitments unveiled as part of the Clinton Global Initiative (CGI), which was held September 15 in New York. The event was led by former U.S. President Bill Clinton, who announced the Carbon Neutral Global Initiative commitment. Under this initiative, CGI will contribute to mitigation of climate change by reducing greenhouse gas emissions through carbon financing renewable energy projects that replace fossil fuel energy sources. The project will also help alleviate poverty, as it was chosen based on benefits of rural electrification in Nigeria and in Native American land within the U.S. It will save an estimated 4,000 tons of carbon dioxide equivalent. The Clinton Global Initiative brought together a diverse group of current and former heads of state, business leaders, noteworthy academicians, and key NGO representatives to participate in a series of interactive workshops. Discussions addressed ways of reducing poverty, of using religion as a force for reconciliation and conflict resolution, of implementing new business strategies and technologies to combat climate change, and of strengthening governance. Focused on results, each participant at CGI was asked to commit to take a specific action in one of the four areas covered at the conference. By the opening of the event, more than 50 commitments had already been made, valued at more than $300 million (U.S.). The CGI is also intended to address poverty, governance and religious conflict. More information is available on the CGI Web site, www.clintonglobalinitiative.org.

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