U.S. Export-Import Bank Imposes Carbon Policy

The Export-Import Bank of the United States, which provides direct financing and loan guarantees to support United States exports, has adopted a first-of-its-kind carbon policy for selecting which projects to finance.

Elements of the policy include a $250 million financing mechanism to benefit exports of renewable energy technologies; enhanced provisions for measuring and reporting GHG emissions resulting from projects receiving ExIm Bank support. In the past, the Bank has been criticized by environmental organizations for favoring carbon-intensive infrastructure and energy projects in developing countries.