U.S. Government Launches Renewable Energy and Energy Efficiency Export Initiative
Abstract:Renewable energy replaces itself naturally. Alternatively, it can be easily replaced because there is a large supply of it. Wind energy for instance, is a source of energy which can power up turbines to generate electricity and continues to renew itself. With the current estimates indicating that mankind can access fossil fuels only for 40 more years, scientists have started researching on renewable energy sources.
The Renewable Energy and Energy Efficiency Export Initiative is a new program launched by a team of eight U.S. government agencies. This initiative aims at increasing exports connected to renewables and efficiency over the next five years, by providing new funding, easy access to resources and other support. Government export resources can be accessed by renewable energy companies from a dedicated website. The Commerce Department has pledged to contribute to this program by improving trade and policy missions related to renewables. The Overseas Private Investment Corporation (OPIC) has also offered to provide USD 300 million to renewable projects in emerging markets. The provisions made by OPIC and the Export-Import Bank of the United States, will make it easier to seek financing for renewable projects. An advisory committee comprised of 29 companies and groups like GE Energy, the U.S. Green Building Council, Verdant Power and American Superconductor, has been created by the Commerce Department. The committee is to advise the Commerce Department on programs and policies that would support renewable and energy efficiency companies in the U.S. The prospects for U.S. technology exports focusing on this industry are bright. More than 100 countries have formulated policies to encourage deployment of renewable energy and energy efficiency technologies. Many of these countries have substantial deployment targets that will drive demand for renewable energy and energy efficiency in the years to come.
Source:
http://apps1.eere.energy.gov/news/daily.cfm/hp_news_id=276
