Former U.S. president Bill Clinton said yesterday success of the alternative energy movement is hampered by a lack of financing.

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.

His comments came as world leaders attending the Clinton Global Initiative expressed fears about rising seas at his annual philanthropic conference.

There was a sense of frustration among the world leaders at Clinton’s three-day summit for high-profile donors with deep pockets over the failure to create a legally binding world agreement on carbon emissions.

 

Rising seas are a matter of life and death for small island nations, said South African President Jacob Zuma. “Not theoretical, not in the future, now,” he said.

Sheikh Hasina, prime minister of Bangladesh, said rising seas would submerge one-fifth of her country, displacing more than 30 million people.

Clinton said the countries most likely to be affected by climate change are places that are inland and hot — such as Mali in western Africa.

“A few years ago, after the south Asian tsunami, I spent a lot of time in the Maldives,” Clinton said. “I think it’s quite possible that the Maldives won’t be here in 30 or 40 years.”

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