Geoscience Reference
In-Depth Information
tons of carbon dioxide emissions, including through support for multilateral
initiatives such as the Forest Investment Program and the Forest Carbon
Partnership Facility. In Indonesia, the Millennium Challenge Corporation is
funding a five-year ―Green Prosperity‖ program that supports environmentally
sustainable, low carbon economic development in select districts.
The Obama Administration is also working to address agriculture-driven
deforestation through initiatives such as the Tropical Forest Alliance 2020,
which brings together governments, the private sector, and civil society to
reduce tropical deforestation related to key agricultural commodities, which
we will build upon.
Expanding Clean Energy Use and Cut Energy Waste:
Roughly 84 percent
of current carbon dioxide emissions are energy-related and about 65 percent of
all greenhouse gas emissions can be attributed to energy supply and energy
use. The Obama Administration has promoted the expansion of renewable,
clean, and efficient energy sources and technologies worldwide through:
Financing and regulatory support for renewable and clean energy
projects
Actions to promote fuel switching from oil and coal to natural gas or
renewables
Support for the safe and secure use of nuclear power
Cooperation on clean coal technologies
Programs to improve and disseminate energy efficient technologies
In the past three years we have reached agreements with more than 20
countries around the world, including Mexico, South Africa, and Indonesia, to
support low emission development strategies that help countries to identify the
best ways to reduce greenhouse gas emissions while growing their economies.
Among the many initiatives that we have launched are:
The U.S. Africa Clean Energy Finance Initiative, which aligns grant-
based assistance with project planning expertise from the U.S. Trade
and Development Agency and financing and risk mitigation tools
from the U.S. Overseas Private Investment Corporation to unlock up
to $1 billion in clean energy financing.
The U.S.-Asia Pacific Comprehensive Energy Partnership, which has
identified $6 billion in U.S. export credit and government financing to
promote clean energy development in the Asia-Pacific region.
