US think tank calls for American leadership on ECA incentives for renewable energy

(CAP, Washington, 13 June 2007) The Centre for American Progress has called on the US Treasury Department to coordinate the Export Credit Agency policies of countries around the world to facilitate funding for clean energy projects. The industrialized world, led by the United States, needs to ensure that those most responsible for climate change help those least able to deal with global warming. In order to ensure that lesser-developed countries have the capability to develop without relying on high-carbon technologies, the United States should seek to transfer to poorer countries the tools to drive their development along an alternative, clean energy path.