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The 2011 Plan - Presidential Climate Action Project

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Financing of Coal <strong>Plan</strong>ts by Multilateral Development Institutions (December 2009)<strong>The</strong> Treasury Department issued guidance to the senior management of the multilateral developmentbanks related to financing coal-fired power plants in developing countries. <strong>The</strong> guidance covers issuessuch as analysis of alternatives to coal plants, power sector policy reform, and capacity building. Bythe fall of 2010, environmental organizations protested that the World Bank was still funding fossilenergy projects at record levels. <strong>The</strong> Bank responded that its funding for renewable energy projects hadincreased 430% from 2007-2010, compared to 300% for fossil energy projects.International Collaboration on Energy Efficiency (May 7, 2010)<strong>The</strong> U.S. joined 15 other countries and the European Commission at the first Policy Committee meetingof the International Partnership for Energy Efficiency Cooperation (IPEEC) to promote global collaborationon energy-saving programs and policies.Reducing Ship Emissions (August 2010)<strong>The</strong> EPA proposed to the International Maritime Organization (IMO) that parts of the Puerto Rico andUS Virgin Islands coasts be designated as Emission Control Areas (ECAs). Ships operating around thePuerto Rico and US Virgin Islands coasts would be required to meet emissions standards set by the IMOin October of 2008. <strong>The</strong>se standards are expected to reduce SOx emissions by 80% by 2015 and NOxemissions by 85% by 2016.Global Methane Initiative (October 1, 2010)<strong>The</strong> EPA announced a collaborative effort with 36 foreign governments, Mexico’s Ministry of the Environment,the European Commission, the Asian Development Bank, and the Inter-American Development Bankto reduce global levels of methane. <strong>The</strong> U.S. pledged $50 million to support projects that reduce methaneemissions and urged other developed countries to do the same.Renewable Energy and Energy Efficiency Export Initiative (December 7, 2010)Eight federal agencies launched a coordinated effort to promote renewable energy and energy efficiencyexports. According to the U.S. Department of Energy, the Renewable Energy and Energy Efficiency ExportInitiative is the first coordinated effort of its kind by the U.S. government. <strong>The</strong> Initiative includes 23interagency actions to facilitate a significant increase in renewable energy and energy efficiency exportsover five years. Participating agencies include the Departments of Commerce, Energy, State, and Agriculture,the Export-Import Bank of the United States, the Overseas Private Investment Corporation, the U.S. Tradeand Development Agency, and the Office of the United States Trade Representative.68

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