Yesterday the United States, Brunei, and Indonesia formed the US-Asia Pacific Comprehensive Partnership for a Sustainable Energy Future, and President Barack Obama promised up to $6 billion for the green energy idea.
“The Partnership will offer a framework for consolidating and expanding energy and environmental cooperation across existing regional forums to advance efforts to ensure affordable, secure, and cleaner energy supplies for the region,” said the White House.
There are four specific priorities the Partnership wants to concentrate on: renewables and cleaner energy; markets and interconnectivity; the emerging role of natural gas; and sustainable development. An estimated $9 trillion is needed just for electricity through 2035.
This is how the $6 billion will be split: