Obama Unveils New Global Clean Energy Initiative at Paris Summit

© AFP 2023 / SAUL LOEBUS President Barack Obama holds a press conference in Kuala Lumpur on November 22, 2015, following his participation in the Association of Southeast Asian Nations (ASEAN) Summit
US President Barack Obama holds a press conference in Kuala Lumpur on November 22, 2015, following his participation in the Association of Southeast Asian Nations (ASEAN) Summit - Sputnik International
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Barack Obama said that the US government has launched a coalition of 28 major companies to invent and popularize new clean energy technologies around the world.

U.S. President Barack Obama shakes hands with Russia's President Vladimir Putin (back to camera) as they gather for a family photo with fellow world leaders at the start of the G20 summit at the Regnum Carya Resort in Antalya, Turkey, November 15, 2015 - Sputnik International
Obama Has No Plans to Meet Putin at Paris Climate Conference - White House
WASHINGTON (Sputnik) — The US government has launched a coalition of 28 major companies to invent and popularize new clean energy technologies around the world, US President Barack Obama said at the Paris climate summit on Monday, according to the White House.

"[T]oday, we’re announcing Mission Innovation," Obama stated on Monday. "[T]he 20 participating nations, representing more than 80 percent of global clean energy innovation dollars, we’re going to seek to double our R&D [research and development] budget over the next five years."

The program will start with 28 leading private investors from all over the world who are committing to invest unprecedented resources to create new generating systems because existing technologies were not sufficient to create enough clean energy, Obama acknowledged.

"[W]e don’t yet know exactly what’s going to work best… by taking this approach on a global scale… Mission Innovation will help deliver affordable clean energy and new jobs and opportunities to people around the world for decades to come," he said.

However, Obama’s clean energy challenges face major and growing opposition within the United States. On October 22, West Virginia and 22 other US states launched a legal action against the US Environmental Protection Agency (EPA) seeking to block Obama’s domestic Clean Power Plan.

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