The World Bank's Clean Technology Fund (CTF)

The United States Treasury has led efforts to create a 10 billion Clean Technology Fund CTF, located at the World Bank, to help fund deployment of clean technology to reduce greenhouse gas emissions in developing economies. The Bush administration has asked Congress to authorize and appropriate U.S. funding of 2 billion over three years FY2009 to FY2011. While many Members of Congress have expressed support for the CTF, others have raised concerns, primarily with respect to whether the CTF should finance carbon-based energy projects. To date, Congress has not passed legislation authorizing or appropriating U.S. contributions to the Fund. This report will be updated as events warrant.