DOE Joins the Renewable Energy and Energy Efficiency Export Initiative

The U.S. Department of Energy (DOE) joined the Renewable Energy and Energy Efficiency Export Initiative, supported by seven other U.S. Government agencies. The initiative is a coordinated effort to promote renewable energy and energy efficiency exports.

DOE is active in propelling market research and discovery to identify energy efficiency products manufactured in the U.S. that can compete in the global market, in collaboration with trade associations in the U.S. This initiative is the first of its kind in the support of energy exports through a coordinated effort by the Federal government. DOE is likely to create guides for importers (from U.S) of renewably energy technology and services listing providers of the same in the U.S.

"Expanding U.S. clean technology exports is a critical step to ensuring America's economic competitiveness in the years ahead," said Secretary Chu (DOE)."The initiatives we are announcing today will provide us with a better understanding of the global clean energy marketplace and help boost U.S. exports."

The Beginning

The Trade Promotion Coordinating Committee (TPCC) Working Group on Renewable Energy and Energy Efficiency developed the Initiative. Representatives includes representatives from: Department of Commerce, Department of Energy, Department of State, Department of Agriculture, Export-Import Bank U.S., Overseas Private Investment Corporation, U.S. Trade and Development Agency, and Office of the United States Trade Representative

Benchmark

Approximately, $2 billion manufactured renewable energy goods were exported by the U.S. in 2009. This will be the benchmark used by the initiative to mark progress.

Competing in the Global Market

The U.S. Energy Secretary announced at the annual U.N. climate talks that cars running on batteries will compete with petroleum-fuelled cars in approximately five years, in line with DOE supporting the improvement of car batteries.

Cars that run on batteries will begin to be competitive with ones that burn petroleum fuels in about five years, the U.S. energy secretary said at the annual U.N. climate talks.