FOR IMMEDIATE RELEASE January 14, 2022
Office of Communications (202-730-6639)
WASHINGTON – On Wednesday, the 2021-2022 Chair’s Council on Climate for the Export-Import Bank of the United States (EXIM) met to discuss strengthening America’s export competitiveness in clean and renewable energy.
Council Chair Stacy Swann led the virtual meeting of expert members with Acting EXIM President and Chair, James Burrows and several senior EXIM staff members in attendance. Special Assistant to the President of the United States and the National Security Council Senior Director for Climate and Energy, Melanie Nakagawa, briefed the group on the Biden-Harris Administration’s efforts to bolster public and private climate finance, including for American clean energy exports. Additionally, EXIM Advisory Committee Members Rodney Ferguson and Dr. Barbara Buchner provided a readout of December’s Advisory Committee Meeting.
The Advisory Committee is required to provide Congress with its views on the findings of EXIM’s Annual Report to Congress on Global Export Credit Competition, and the Council’s recommendations will help inform those views. The Council discussed recommendations members have offered to date relating to policies, financial tools and types of clean technologies with the goal of sharing ways EXIM can better support American-made exports in this space and become more competitive on a global scale.
The Chair’s Council on Climate is a new council dedicated to helping EXIM identify gaps in private-sector financing for clean energy innovation and fulfill the mandate from Congress for EXIM to promote and support environmentally beneficial, renewable-energy, energy-efficiency and energy-storage exports from the United States.
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.