Ex-President Clinton: Green movement needs money

MEGHAN BARR AP 09/20/2011 14:19

Former President Bill Clinton said Tuesday that the success of the alternative energy movement is hampered by a lack of financing. His comments came as world leaders attending his annual philanthropic conference expressed fears about rising seas.

The ex-president's three-day Clinton Global Initiative for VIPs with deep pockets began Tuesday with a frank discussion about addressing global climate challenges, co-hosted by Mexican President Felipe Calderon and South African President Jacob Zuma.

There was a sense of frustration among the world leaders over the failure to create a legally binding world agreement on carbon emissions.

"We have seen much less progress than we hoped for," said Norwegian Prime Minister Jens Stoltenberg.

Pointing to Germany's successful creation of solar energy jobs as a model for other nations to emulate, Clinton said the main issue with green energy is a lack of proper funding.

"This has to work economically," he said. "You have to come up with the money on the front end."

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