DOE and the Overseas Private Investment Corporation (OPIC), a development agency of the U.S. government, signed an agreement on the partnership in an effort to promote investment in cleaner, more efficient energy technologies in emerging markets throughout the world.
Under the agreement, both agencies will work to create an Efficient Energy and Renewables Program, focused on innovative financing and creative partnerships that will lead to environmentally-sound economic growth in developing countries throughout the world.
The new agreement advances two U.S. energy initiatives뾲he U.S. Clean Energy Initiative and the Clean Energy Technology Export Initiative뾟oth of which seek to reduce poverty in developing nations through development and access to modern, clean, efficient, and affordable energy using exported U.S. technologies.
