Export-Import Bank Adopts Carbon Policy To Encourage Renewable Energy

Posted by NAW Staff on November 04, 2009 No Comments
Categories : FYI

The Export-Import Bank of the United States (Ex-Im Bank), the official export-credit agency for the U.S., has adopted a comprehensive carbon policy. Included in the policy is a commitment to explore ways to further improve the bank's transparency in the tracking and reporting of carbon dioxide (CO2) emissions from projects that it supports.

As a part of this policy, the bank has established a $250 million facility to finance renewable energy exports, including wind, solar and geothermal energy. In addition, the policy also commits the bank to be a leader in financing of climate-friendly technologies made by U.S. manufacturers, including those that reduce greenhouse gas emissions and increase energy efficiency.

‘We want to help American manufacturers produce green technology for the world. This commonsense approach is good for the environment, it's good for business and it's good for American workers,’ says Fred P. Hochberg, chairman and president of Ex-Im Bank.

Ex-Im Bank has also committed to advocate in the Organization for Economic Cooperation and Development for the creation of financing incentives for low to zero CO2-emitting projects.

SOURCE: Export-Import Bank of the United States

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