Ex-Im Bank leads coalition to promote energy efficient exports

The Bank can provide repayment terms up to 18 years for renewable energy projects, offer capitalization of interest during construction, and support local costs up to 30 percent of the U.S. scope of supply.
By Patrick Burnson, Executive Editor
December 15, 2010 - SCMR Editorial

The Export-Import Bank of the United States (Ex-Im Bank) has joined seven other U.S. Government agencies in launching a coordinated effort to promote renewable energy and energy efficiency exports, the Renewable Energy and Energy Efficiency Export Initiative (RE&EE).

A top priority of Ex-Im Bank is to increase its support for renewable energy and energy efficient exports by offering enhanced financing under its Environmental Exports Program. The Bank can provide repayment terms up to 18 years for renewable energy projects, offer capitalization of interest during construction, and support local costs up to 30 percent of the U.S. scope of supply.

Analysts speaking to SCMR also agree that key to any economic rebound will be the price of fuel. Derik Andreoli, an energy analyst and doctoral candidate at the University of Washington, said there is deep uncertainty in how energy for power, heat, and mobility will be sourced and paid for.

“The potential consequences of failing to plan for the unfolding energy paradigm could be catastrophic,” he said.

At the same time, said Andreoli, shippers must address energy-related risks to supply chains and the increasing vulnerability of just-in-time models.

The RE&EE Initiative is the country’s first-ever Federal government-coordinated effort to support renewable energy and energy efficiency exports. Through the implementation of 23 interagency actions, the Initiative will facilitate a significant increase of renewable energy and energy efficiency exports during the next five years, helping to meet the goals of the National Export Initiative and President Obama’s challenge to make the U.S. the leading exporter of clean energy technologies.

The prospects for U.S. technology exports focusing on this industry are “vast,” said Ex-Im Bank spokesmen. More than 100 countries now have policies to encourage the 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 for years to come.

The Initiative was developed through the Trade Promotion Coordinating Committee Working Group on Renewable Energy and Energy Efficiency, which includes representatives from the Departments of Commerce, Energy, State, and Agriculture, as well as the Export-Import Bank of the United States, the Overseas Private Investment Corporation, the U.S. Trade and Development Agency, and the Office of the United States Trade Representative.



About the Author

image
Patrick Burnson
Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.0 in June, which edged out May by 0.3 percent.

Regardless of the date or year, one thing is beyond consistent when it comes to key themes in freight transportation logistics: the state of United States highways and related transportation infrastructure is in an eternal state of chaos and disrepair.

The high-volume warehouse or distribution center that supports B2B, Omni-channel activities, direct-to-consumer shipments, and the Internet of Things all require a flexible and scalable supply chain in order to function at optimal capacity. The problem is that most of today's supply chains are made up of fragmented silos of information that compromise their ability to compete, be responsive to customer demands or seize new business opportunities.

As customers' demands constantly evolve, transportation and logistics (T&L) operations are being put under growing pressure to offer more efficient delivery services, while not compromising on customer service. Using findings from a research survey conducted among transport and logistics managers around the world, this report explores how a combination of mobile technology implementations for mobile workers, and process re-engineering efforts can elevate operations to the next level.

It's a fact - most best-of-breed WMS providers force you to pay every time you require a system change. Uncover five more dirty secrets many warehouse management systems providers don't want you to know. Download the white paper 5 Dirty Secrets of Warehouse Management Systems to discover these hidden truths and gain valuable information on considerations for evaluating WMS vendors.

Article Topics

News · Technology · Supply Chain · EPA · Trade · Source · Plan · SME · Make · All topics

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. Contact Patrick Burnson

Comments

Post a comment
Commenting is not available in this channel entry.