THE WHITE HOUSE
Office of the Press Secretary
) Agra, India
March 22, 2000
ENVIRONMENT, PROMOTING CLEAN ENERGY DEVELOPMENT
AND COMBATTING GLOBAL WARMING
Today, in a visit to
There is broad scientific consensus that greenhouse gas emissions -- primarily in the form of carbon dioxide from burning fossil fuels -- are at least partly responsible for an increase in global temperatures over the last century. Many developing nations are especially vulnerable to the projected impacts of global warming, particularly coastal flooding, increased incidence and severity of storms and drought, and increased incidence of disease.
With greenhouse gas emissions from developing nations projected to surpass those of the industrialized world within a few decades, the
The new initiatives that will be announced today include:
Joint Statement on Cooperation in Energy and Environment: Secretary of State Madeleine Albright and Minister of External Affairs Jaswant Singh signed a joint statement on cooperation on energy and environment issues on behalf of the United States and India. The statement outlines a common agenda on clean energy development and environmental protection, including:
-- Two ambitious national Indian environmental goals:
-- 10% of new electric power will come from renewable energy sources by 2012;
-- and approximately 15% improvements in energy efficiency in power production will be made by 2007-08.
Creation of a binational 'Joint Consultative Group' on Clean Energy and the Environment that will focus on clean energy projects and policy, commercial development of clean energy, and, enhanced cooperation on global climate change;
Promotion of a shared vision that countries can achieve robust economic growth while protecting the environment and taking action to combat climate change;
A reaffirmation of the urgent need for international dialogue on ways both developed and developing countries can participate in actions to combat climate change, consistent with treaty obligations under the Framework Convention on Climate Change;
Agreement to work in closer partnership on the further elaboration of mechanisms under the
Acknowledgement of the essential role of the private sector and reference to new initiatives.
South Asia Regional Initiative (SARI) Energy Program: The SARI Energy Program is a new $50 million USAID program designed to accelerate investment and trade in clean energy among South Asian nations, including
U.S. Export-Import Bank Line of Credit: The Ex-Im Bank will provide a $200 million specialized line of credit targeted for clean energy development projects through a Memorandum of Understanding with the Indian Power Finance Corporation.
Clean Energy Trade
Greenhouse Gas Pollution Prevention Project (GEP): USAID will provide $20 million for a three-year extension of this program to help reduce greenhouse gas emissions through energy efficiency and cleaner fuel use. GEP will:
-- expand the efforts of India's National Thermal Power Corporation to increase efficiency in its power generation plants;
-- help increase use of clean energy technology in power production;
-- build local institutional capacity, and increase public/private partnerships for climate change abatement efforts; and
-- design and demonstrate climate change abatement initiatives in cities.
Energy Conservation and Commercialization (ECO) Project: USAID will provide $25 million for ECO, a program to help promote commercialization of energy efficient technologies and services. ECO will provide technical assistance and training to the Ministry of Power, electric utilities, and regulatory commissions on policy reforms and will work to address market constraints to greater use of energy efficiency products and services.
Resumption of Bilateral Energy Consultations and Technical Assistance: DOE will resume its cooperative efforts on non-nuclear power sector policy reforms, and on public and private collaborative projects related to clean energy, renewable energy and energy efficiency. DOE programs were suspended in 1998 in the context of policy-based restrictions on
Resumption of EPA Technical Assistance: EPA will re-establish its environmental cooperation program in
Joint Private Sector Statement: The Confederation on Indian Industry and the
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