U.S. Energy Secretary Steven Chu today joined seven other U.S. Government agencies in launching the Renewable Energy and Energy Efficiency Export Initiative, a coordinated effort to promote renewable energy and energy efficiency exports. In partnership with the Department of Commerce, the Department of Energy co-chairs the Trade Promotion Coordinating Committee Working Group of the federal agencies participating in the Renewable Energy and Energy Efficiency Export Initiative.
While continuing to support trade missions, commercial advocacy, and industry outreach, DOE is also investing in instrumental market research and discovery that can help focus U.S. government resources for trade promotion. For example, DOE will identify U.S. manufactured energy efficiency products likely to be competitive in global markets, and in collaboration with U.S. trade associations, DOE will explore the creation of guides for foreign buyers listing technologies and services available from U.S. providers.
"Expanding U.S. clean technology exports is a critical step to ensuring America's economic competitiveness in the years ahead," said Secretary Chu. "The initiatives we are announcing today will provide us with a better understanding of the global clean energy marketplace and help boost U.S. exports."
The 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 become the leading exporter of clean energy technologies.
The prospects for U.S. technology exports focusing on this industry are vast. 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 (TPCC) 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.
The report is available for download on the Renewable Energy & Energy Efficiency Exporter web portal.