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UN chief Ban Ki-moon made a call to double global consumption of renewable energy over the next two decades in order to ensure sustainable economic development.
About 1.3 billion people on Earth -- a fifth of the global population -- lacks access to electricity, while 2.7 billion do not have clean fuel to cook their food and heat their homes, relying instead on open fires or furnaces that burn coal, wood or animal waste.
On Monday, the European Union vowed fresh funds Monday to help developing nations provide sustainable energy to 500 million people by 2030.
"The United States is the logical country to lead an effort to address these problems, given the size of its venture capital and investment community, the prominence of its financial markets and exchanges, and its tradition of support for business-oriented agencies," it said in a statement.
Read more at PhysOrg.com.
