President announces clean energy fund
The President committed to providing $2 billion over the next three years to this fund, which will increase and accelerate the deployment of all forms of cleaner, more efficient technologies to developing nations.
President Bush committed on Monday to provide $2 billion over the next three years for a new international clean energy technology fund, which herojects more financially attractive. President Bush first proposed the fund in September 2007 at the First Major Economies Meeting on Energy Security and Climate Change. See the White House fact sheets on the energy aspects of the State of the Union Address and on the September 2007 proposal.
To complement the new fund, the United States and the European Union submitted a joint proposal to the World Trade Organization in late November to eliminate barriers to clean energy and environmental services. Global trade in the goods covered by the proposal totaled $613 billion in 2006. According to the World Bank, that trade could increase by an additional 7% to 4% per year under the proposal. See the U.S. State Department press release .
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey