Clinton Global Initiative Brings Big Corporate, NGO Commitments

Clinton Global Initiative Brings Big Corporate, NGO Commitments

Last year's Clinton Global Initiative meeting brought big news to the world of green building, with a $5 billion dollar commitment to green existing buildings in the world's biggest cities. This year's meeting brings a similarly impressive investments to several segments of the green economy.

On Wednesday, India-based Suzlon Energy said it planned to dedicate $5 billion in funds over the next 10 years to developing clean energy projects that would bring power to 10 million people, largely in India and China.

Also on the energy front, AREVA and Duke Energy unveiled a joint partnership named ADAGE Biopower, which will build at least 10 wood-waste biomass energy plants in the United States in the next six years.

Food and water also had some time in the limelight at the annual meeting. The PepsiCo Foundation will donate $7.6 million to WaterPartners and the Safe Water Network to provide clean and sanitary drinking water to the developing world. And Procter & Gamble committed to provide $11 million worth of their clean drinking water sachets, or enough to provide a billion liters of clean water to the developing world.

And Yum Brands, the corporate parent of Pizza Hut, Taco Bell and KFC, unveiled a plan to donate $80 million to the U.N.'s World Food Programme, aimed at providing 200 million meals for school children around the world.

The Seva Foundation announced at the Clinton Global Initiative meeting the launch of the So One Million Eyes See Again campaign, a plan to ramp up cataract surgery technologies at 100 hospitals so that they can perform a million more surgeries per year by 2015.

Microlending got a boost at this week's meeting as well, in the form of plans by MPOWER Ventures to invest in mobile financial companies in the developing world; Kiva.org and Ernst & Young have also developed a partnership to further spread micro-loans throughout the developing world.

Finally, Wal-Mart and the Environmental Defense Fund are teaming up to take on plastic bag waste. The company will work with the NGO to reduce plastic bag use, increase the recyclability of plastic bags, and educate customers on reusing non-plastic bags for shopping. Together, the campaign aims to cut overall plastic bag use by one-third in the next five years, a potential savings of 9 billion plastic shopping bags per year.

The Clinton Global Initiative meetings runs through Friday in New York City. Live broadcasts are online at http://www.clintonglobalinitiative.org.