Obama Commits $4bn to Clean-Energy Initiative

With $4bn and a new government office, the White House has unveiled its latest clean energy initiative and cast a subtle new role for the federal government: not only is it a funder of new research, of the latest solar converter or biofuel source, but it is also a market builder.
US secretary of energy Ernest Moniz said, “One of the real challenges is the gap in financing clean energy. There is a continuing need for new capital investment.