For Immediate Release: October 6, 2011
Contact: Tim Truman (202) 482-3809
Renewable Energy and Energy Efficiency Export Initaitive (RE4I) on Track to Increase U.S. Exports
WASHINGTON – One year after its launch, the Obama Administration’s Renewable Energy and Energy Efficiency Export Initiative (RE4I) has met its target goals of simplifying the process of obtaining export financing, facilitating a significant increase in renewable energy and energy efficiency by both the U.S. Export-Import Bank and the Overseas Private Investment Corporation, and improving export promotion services and market access for U.S. renewable energy and energy efficiency companies.
“The Department of Commerce’s International Trade Administration is committed to achieving the goals of the President’s National Export Initiative to achieve economic and job growth,” said Assistant Secretary of Commerce Nicole Y. Lamb-Hale, who co-chaired the multi-agency effort to create the RE4I. “Turning the lens of the NEI on the high-growth sectors of renewable energy and energy efficiency is critical to this effort.”
Under the auspices of the RE4I, the International Trade Administration created a Renewable Energy and Energy Efficiency Advisory Committee to develop consensus recommendations on improving U.S. export competitiveness in renewable energy and energy efficiency. The committee recently announced its first 11 recommendations to the Secretary of Commerce, which included outlining steps towards establishing a strong domestic clean energy market, expanding access to capital, and addressing gaps in both information and competitiveness in global RE&EE markets.
ITA also recently led the first of several renewable energy and energy efficiency trade policy visits (to Mexico); expanded the Green Embassies Program, which showcases U.S. RE&EE technologies in U.S. embassies around the world; and developed a new interagency, one-stop web portal that provides U.S. exporters with the latest U.S. government news, events and research related to the renewable energy and energy efficiency sectors.
“I often hear from industry that government agencies don’t talk to each other, but when I provide them with the RE4I report they are impressed to see the amount of coordination between agencies in support of RE&EE exports,” said Karl Gawell, Executive Director of the Geothermal Energy Association and the Chairman of the RE&EE Advisory Committee. “The RE4I Annual Review demonstrates the significant progress made thus far implementing the initiative.”
For more information on the RE4I or to download the RE4I Annual Review, please visit www.export.gov/reee.
International Trade Administration
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