Major Cities Get Green Funding

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Former President Bill Clinton and some of the world's biggest banks will help reduce climate change by renovating city owned buildings with green technology in 16 cities, including New York, Chicago, and Houston.

RENEE MONTAGNE, host:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, host:

And I'm Steve Inskeep. Good morning.

Cities from Chicago to Karachi are going on an energy diet, with the help of the William J. Clinton Foundation. The former president and some of the world's biggest banks pledged yesterday to fight greenhouse gas emissions. They're doing that by reducing the energy needed to power buildings.

MONTAGNE: The energy used to heat and cool urban structures contributes to about a third of the world's greenhouse gases. The Clinton Climate Initiative will help pay the cost of replacing less efficient heating, cooling, lighting and power systems. Clinton described the details last night on CNN's "Anderson Cooper 360".

(Soundbite of clip from "Anderson Cooper 360")

President BILL CLINTON: We're going to basically go in and redo the glass, redo the insulation, redo all the lighting to get rid of the incandescent bulbs and go to automated climate controls. And the climate firms that are helping us are willing to give performance guarantees to these buildings. So they'll know how much their power bill will go down.

INSKEEP: The partnership involves pledges of up to $1 billion in loans from each of five banks, which would be paid back over time in savings from lower energy costs.

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