Comments on: U.S. Export-Import Bank Adopts Carbon Policy to Support Renewable Energy http://www.environmentalleader.com/2009/11/05/u-s-export-import-bank-adopts-carbon-policy-to-support-renewable-energy/ Environmental Leader Mon, 13 Feb 2012 17:25:03 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Doug Norlen http://www.environmentalleader.com/2009/11/05/u-s-export-import-bank-adopts-carbon-policy-to-support-renewable-energy/comment-page-1/#comment-160339 Doug Norlen Thu, 05 Nov 2009 22:40:26 +0000 http://www.environmentalleader.com/?p=26757#comment-160339 See this Environmental Finance article on the issue: http://www.environmental-finance.com/onlinews/0511exi.html See this Environmental Finance article on the issue: http://www.environmental-finance.com/onlinews/0511exi.html

]]> By: Doug Norlen http://www.environmentalleader.com/2009/11/05/u-s-export-import-bank-adopts-carbon-policy-to-support-renewable-energy/comment-page-1/#comment-160337 Doug Norlen Thu, 05 Nov 2009 22:32:59 +0000 http://www.environmentalleader.com/?p=26757#comment-160337 Your story, while welcome, only features the US Government's perspective. However, there is a coalition of environmental organizations that have worked extensively on this and that are quite critical of the policy. Ex-Im Bank's policy does nothing to curb the agency's overall portfolio of greenhouse gas emissions. In fact, applications to Ex-Im Bank for greenhouse gas-emitting projects are skyrocketing after the financial crisis, as project sponsors seek public subsidies to prop up economically and ecologically damaging projects. Ex-Im Bank continues to subsidize a growing number of fossil fuel-related transactions despite the recent G-20 pledge to phase out fossil fuel subsidies. Ex-Im Bank touts is support for renewable energy and energy efficiency, yet in recent years its support for these transactions represent less than 2% of its overall energy portfolio. Ex-Im Bank's carbon policy perpetuates the approach taken under the Bush Administration and undercuts the Obama Administration's claim to international leadership on climate change. Your story, while welcome, only features the US Government’s perspective. However, there is a coalition of environmental organizations that have worked extensively on this and that are quite critical of the policy.

Ex-Im Bank’s policy does nothing to curb the agency’s overall portfolio of greenhouse gas emissions. In fact, applications to Ex-Im Bank for greenhouse gas-emitting projects are skyrocketing after the financial crisis, as project sponsors seek public subsidies to prop up economically and ecologically damaging projects. Ex-Im Bank continues to subsidize a growing number of fossil fuel-related transactions despite the recent G-20 pledge to phase out fossil fuel subsidies.

Ex-Im Bank touts is support for renewable energy and energy efficiency, yet in recent years its support for these transactions represent less than 2% of its overall energy portfolio.

Ex-Im Bank’s carbon policy perpetuates the approach taken under the Bush Administration and undercuts the Obama Administration’s claim to international leadership on climate change.

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