Showing posts with label CLEAN ENERGY TECHNOLOGY. Show all posts
Showing posts with label CLEAN ENERGY TECHNOLOGY. Show all posts

Sunday, April 12, 2015

WHITE HOUSE FACT SHEET ON U.S.-CARICOM SUMMIT

FROM:  THE WHITE HOUSE
April 09, 2015
FACT SHEET: U.S.-CARICOM Summit – Deepening Energy Cooperation

Today, President Obama met with Caribbean leaders in a U.S.-CARICOM Summit in Kingston, Jamaica.  President Obama reaffirmed the importance of our relationship with the region, and the United States’ commitment to partner with Caribbean countries to advance economic development, security, and good governance.  Leaders discussed a broad range of issues, from our important trade and investment linkages to security cooperation.

The leaders’ discussion focused on the importance of improving energy security, reducing energy costs, and fighting climate change.  This follows robust engagement on these issues over the last year, including the White House Caribbean Energy Security Summit hosted by the Vice President in January 2015 and the launch of the Caribbean Energy Security Initiative (CESI) coordinated by the Department of State. The United States is deepening this collaboration through the following initiatives:

Clean Energy Finance Facility for the Caribbean and Central American (CEFF-CCA): The United States will launch a $20 million facility to encourage investment in clean energy projects.  The facility will provide early-stage funding to catalyze greater private and public sector investment in clean energy projects.  It will draw on the expertise of the U.S. Overseas Private Investment Corporation (OPIC) and the U.S. Trade and Development Agency (USTDA) in coordination with the U.S. Agency for International Development (USAID) and the Department of State.

Energy Security Task Force: The United States will partner with Caribbean and Central American countries in a task force to evaluate progress in our cooperation and identify concrete steps to advance energy sector reform, regional integration, and clean energy development.

Clean Energy Finance: In January, OPIC formed a dedicated financing and insurance team to advance development of the Caribbean renewable energy sector. OPIC is in advanced talks to finance a 20 MW solar farm in Jamaica, and has already committed financing to Jamaica’s largest private-sector wind farm, a 36 MW facility in Malvern, St. Elizabeth Parish.  OPIC is actively looking for opportunities to support solar and wind energy projects in Jamaica and throughout the broader Caribbean region.

Clean Energy Technology Collaboration: The U.S. Department of Energy (DOE) and Jamaica’s Ministry of Science, Technology, Energy, and Mining signed a statement of intent today to advance our shared interest in sustainable energy.  Areas for potential cooperation include energy conservation and efficiency, energy infrastructure, micro grids and energy storage, fuel diversification, and energy policy.

Clean Energy Economy Transition: The Department of Energy assembled U.S. and Caribbean stakeholder working groups to look at opportunities ranging from clean energy, efficiency, diversifying electricity generation, clean transportation and energy education, at the Caribbean Clean Energy Technology Symposium, held in St. Thomas in March. The working groups will report on progress at the 2016 Symposium to be hosted by Jamaica. Also, the Department of Energy will launch a new Energy Scenario Planning Tool¸ building on its Energy Transitions: Island Playbook, to help island communities plan clean energy projects that are most likely to attract investment, capitalize on local resources, and meet energy needs.

Greening Tourism: The tourism industry is the largest energy user in the Caribbean. The Department of Energy, with its Pacific Northwest National Laboratory, and OPIC are undertaking the Caribbean Hotel Energy Efficiency and Renewables (CHEER) initiative, which supports projects to improve energy and water efficiency as well as the exchange of best practices in the hotel and tourism industry.  USAID is launching a complementary project focused on the Eastern Caribbean that will develop new financing tools for energy efficiency and renewables.

Jamaica Clean Energy Program: USAID is working with the Government of Jamaica and the private sector on a new integrated Clean Energy Program to establish the pre-conditions for clean energy development, optimize renewable energy integration, and accelerate private-sector clean energy investment.

Thursday, June 21, 2012

U.S. SUPPORTS SUSTAINABLE GLOBAL ENERGY ACTION AGENDA

Photo Credit:  Wikimedia. 
FROM:  U.S. DEPARTMENT OF STATE
U.S. Support for the Sustainable Energy for All Global Action Agenda
Fact Sheet Office of the Spokesperson Washington, DC
June 20, 2012
The UN Secretary General’s Sustainable Energy for All (SE4ALL) initiative represents an important opportunity for the international community to address issues critical to the future of sustainable development, energy access, and economic growth. Expanding the use of efficient and clean energy technologies is a priority of the Obama Administration, domestically and internationally, and increasing energy access is a central challenge facing the world.

The United States supports the principles of the Global Action Agenda developed by the SE4ALL High Level Group through existing and planned activities across a broad range of U.S. Government agencies. As reported elsewhere in official documents, the U.S. is providing substantial grant, loan and loan guarantee resources, from both Congressionally-appropriated funds and under loan and loan guarantee authorities, of about $2 billion in FY11 for clean energy. The Administration looks forward to working with the Congress on activities in FY12 that will build on and sustain this USG priority. These funds are helping to create a sound policy, regulatory and institutional framework for project investment and financing from private and international sources as well as directly leveraging investment. Support for innovation and energy technology partnerships is also an important focus. In building viable and sustainable energy markets, U.S. support helps create opportunities for American exports in renewable energy, power generation and energy efficiency technologies.

Below are specific examples of on-going and planned U.S. Government support for the SE4All Global Action Agenda:

1. Technical Assistance for Improving the Enabling Environment
Sustainable Clean Energy Development: Within this overall U.S. effort, the U.S. Agency for International Development (USAID) and the State Department are promoting sustainable, low emissions development through a range of clean energy activities that have national, regional, and global components. One major activity involves cooperation with up to 20 countries in developing and implementing low emissions development strategies (LEDS) that emphasize energy efficiency and renewable energy. Other activities include supporting regional energy efficiency and power grid interconnection and market development efforts; promoting regulatory and business policies that create conditions for renewable and clean energy investment; and promoting global efforts to advance new, efficient energy technologies.

 2. Participation in Clean Energy Technology Partnerships
Clean Energy Ministerial (CEM): The U.S. Department of Energy (DOE), supported by funding from the Department of State, serves as the Secretariat for the Clean Energy Ministerial (CEM), a high-level global forum to promote policies and programs that advance clean energy technology, to share lessons learned and best practices, and to encourage the transition to a global clean energy economy. Participating governments account for 80 percent of global greenhouse gas emissions and 90 percent of global clean energy investment. The CEM’s 12 initiatives build on Technology Action Plans that were released by the Major Economies Forum Global Partnership in December 2009, which laid out best practice blueprints for action in key technology areas. Three of these initiatives are components of the SE4ALL Action Agenda. The Super-efficient Appliance and Equipment Deployment (SEAD) initiative creates a common technical foundation to allow governments to more easily adopt cost-effective appliance efficiency policies and programs. The Clean Energy Solutions Center serves as a first-stop clearinghouse of online clean energy resources, including policy best practices, data, and analysis tools, and shares these resources with a global forum of energy experts, policy makers, and other stakeholders. The Solutions Center offers online training, "live" ask-an-expert assistance to help countries tailor solutions to their needs and foster international collaboration on policy innovations. Global LEAP is a voluntary forum that brings together donor governments and development partners to share knowledge and best practices under a set of commonly held principles that encourage self-sustaining commercial markets for energy access solutions, with a particular focus on energy-efficient off-grid lighting. Funding commitments for these three initiatives in FY 10 and 11 total over $16 million.

Powering Agriculture: An Energy Grand Challenge for Development: The U.S. Agency for International Development (USAID), in partnership with the Swedish International Development Cooperation Agency (SIDA), Duke Energy, the African Development Bank (AfDB), the Overseas Private Investment Corporation (OPIC), and the U.S. Department of Agriculture (USDA), has launched a new program to develop and scale appropriate, clean energy solutions for farmers and agri-businesses in the developing world. The program will focus on technology and business model innovation and commercialization of solutions.

Global Alliance for Clean Cookstoves: The United States is a founding member of this Alliance, an innovative initiative led by the United Nations Foundation and with over 400 public and private partners, including 34 countries, to save lives, improve livelihoods, empower women, and combat climate change by creating a thriving global market for clean and efficient household cooking solutions. Roughly half of the U.S. contribution supports applied research on topics such as health benefits, technology development, stove testing, and adoption. The other half targets debt financing or insurance to support the manufacture, sale, and purchase of cookstoves. The Alliance’s ‘100 by 20’ goal calls for 100 million homes to adopt clean and efficient stoves and fuels by 2020.

3. Financing and Mobilization of Private Capital
OPIC: The U.S. Overseas Private Investment Corporation offers a number of products to help investors finance projects in the developing world, including debt financing, risk insurance, and new coverage for power purchase agreements. OPIC lending for renewable energy reached $1.1 billion in FY11. The OPIC commitments normally leverage at least twice as much in private investments.

MCC: The Millennium Challenge Corporation enters into Compacts with a limited number of countries that provide grant assistance to support their reform efforts in key sectors. Electrification and clean energy is a focus in several of the current and planned Compacts.
TDA: The U.S. Trade and Development Agency supports project feasibility and related technical assessment work that support exports by U.S. companies. TDA helps to ensure project soundness and often addresses key regulatory constraints developing a project financing package.

USAID/DCA: USAID has a unique loan guarantee program called the Development Credit Authority that provides partial credit guarantees on a project or portfolio basis with local banks, municipal authorities, or private companies. DCA guarantees support USAID’s development priorities across all sectors including energy, and some specific mechanisms/windows for clean energy have been established. In 2011, DCA completed 37 transactions in 21 countries, which will result in $197 million in private capital for local loans. The leveraging impact of these guarantees on local lending was 16 to 1 in FY11.

Treasury: The U.S. Department of Treasury is the lead USG agency in the provision of clean energy finance to multilateral climate and clean energy funds including the Clean Technology Fund and the Program for Scaling Up Renewable Energy in Low Income Countries. The U.S. contribution to these funds in FY11 was approximately $195 million for clean energy activities. In addition, approximately $23.4 million of the Treasury FY2011 GEF contribution went toward clean energy activities.

Search This Blog

Translate

White House.gov Press Office Feed