Treasury: U.S. Supports OECD Deal on Prohibiting Official Export Financing for Unabated Coal Power
October 23, 2021
October 23, 2021
WASHINGTON, Oct. 23 -- The U.S. Department of the Treasury issued the following news release on Oct. 22, 2021:
The U.S. Department of the Treasury announced that the United States joined other OECD Participants to the Arrangement on Officially Supported Export Credits in agreeing on new disciplines that prohibit export credits for all new unabated coal power generation technology. Only carbon capture, utilization, and sequestration technology, or "CCUS," qualifies as abate . . .
The U.S. Department of the Treasury announced that the United States joined other OECD Participants to the Arrangement on Officially Supported Export Credits in agreeing on new disciplines that prohibit export credits for all new unabated coal power generation technology. Only carbon capture, utilization, and sequestration technology, or "CCUS," qualifies as abate . . .