Export-Import Bank Establishes Carbon Policy

The Export-Import Bank of the United States has established a $250 million credit facility to finance renewable energy exports, including solar, wind and geothermal energy as part of a new carbon policy the federal credit agency announced on Nov. 3.

Included in the policy is a the bank's commitment to explore ways to further improve the its transparency in the tracking and reporting of CO₂ emissions from projects that it supports.

Ex-Im Bank also said it plans to be an advocate in the Organization for Economic Cooperation and Development (OECD) to create financing incentives for low to zero CO₂-emitting projects. The bank said it initiated its efforts involving the OECD within hours of the policy's approval.