Tradeology, the ITA Blog

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This post was originally published on the Department of Energy’s Office of Energy Efficiency and Renewable Energy blog.

By David Friedman, Acting Assistant Secretary for Energy Efficiency and Renewable Energy and Marcus Jadotte, Assistant Secretary of Commerce for Industry and Analysis.

Led by the Departments of Commerce and Energy, U.S. government agencies are helping American clean energy companies export their renewable energy and energy efficiency technologies to foreign markets.

Now that the Paris Agreement has catalyzed new urgency to address climate change, the world’s demand for renewable energy and energy efficiency solutions is expected to increase exponentially. Manufacturers and service providers in the United States, which are well respected globally for innovative and reliable technologies, are gearing up for export opportunities. At the same time, U.S. agencies are shoring up their collaboration in order to help them meet the challenge.

Officials from six U.S. government agencies gathered at the Department of Commerce last month to evaluate results from our cooperative efforts since 2010 to help U.S. clean energy companies access foreign markets. These agencies also charted a path forward on further promotional activities to position the United States to grow its share of the global clean energy market, which totaled more than $320 billion in 2015.

Known as the Renewable Energy and Energy Efficiency (RE&EE) Working Group, these efforts are being led by the Department of Commerce’s International Trade Administration and the Department of Energy’s Office of Energy Efficiency and Renewable Energy. The RE&EE Working Group is a component of the Trade Promotion Coordinating Committee (TPCC), an interagency group established by Executive Order in 1993.

The RE&EE Working Group also includes the State Department, Export-Import Bank, Overseas Private Investment Corporation, Trade and Development Agency, U.S. Agency for International Development, and the U.S. Department of Agriculture. Each of these agencies has a specific role and resources to support clean energy exporters.

The RE&EE Working Group’s major accomplishments over the last two years include:

• Detailed global market assessments for renewable energy, renewable fuels, building products and sustainable construction, smart grid and more. U.S. government agencies and companies now use these reports to target their export promotion efforts. The reports are part of Commerce’s Top Markets Series. Going forward, the RE&EE Working Group agencies pledged to provide substantive input, including from the Energy Department’s Clean Energy Manufacturing Analysis Center at the National Renewable Energy Laboratory, into Commerce’s Top Markets analyses.
• An interactive mobile app (currently in beta testing) developed by the Departments of State, Energy, and Commerce that showcases clean energy products and technologies deployed at U.S. embassies around the globe. This innovative resource will help foreign buyers locate clean energy technologies and services provided by American suppliers, which have a global reputation for superior quality. American companies can “opt in” to having their products and services included in this app by completing a short questionnaire.
• Launching negotiations with 16 members of the World Trade Organization on an Environmental Goods Agreement (EGA) that would remove tariffs on a range of environmentally-friendly goods, such as renewable energy and energy efficiency technologies.  High import tariffs across the world’s clean-tech market limit many countries’ access to these technologies. Eliminating these through the EGA would not only make clean energy technology solutions more affordable, it would be a triple win: boosting trade, spurring innovation, and protecting the environment.

Moving forward, U.S. companies will soon be able to find clean energy trade-related information in a revamped portal for renewable energy and energy efficiency exporters. The updated portal will feature improved navigation options and a more user-friendly interface. The portal will continue to serve as a dedicated space for information on market developments, upcoming trade missions, events, analyses, and federal export assistance programs.

Furthermore, agencies that provide financing of various kinds to facilitate U.S. participation in overseas clean energy projects (e.g., loans, export credit guarantees, or technical assistance) are going to take a closer look at their programs to see where the envelope can be pushed. This collaboration is urgently needed for emerging markets, where clean energy is in high demand but financing is a challenge.

In the coming months, the RE&EE Working Group will also address the most recent set of recommendations provided by the Renewable Energy and Energy Efficiency Advisory Committee (REEEAC), a group of 35 private-sector leaders providing advice and insights on export promotion efforts to the Secretary of Commerce. The REEEAC is also currently seeking nominations for members (deadline is August 15) for a fresh round of discussions that will ultimately deliver new recommendations to the next administration.

Importantly, one of the six recommendations made by the REEEAC was to revitalize this interagency Working Group…and we’re happy to have done it! By assisting U.S. clean energy exporters we can contribute to economic growth and job creation while also deploying solutions worldwide to save our planet.

This post originally appeared on the Department of Commerce blog. This post contains external links. Please review our external linking policy.

Last week, the third annual American Energy and Manufacturing Competitiveness Summit brought together the decision makers and the change makers that are driving the development of new technologies and business opportunities in a critical and growing segment of the economy—clean energy. The Department of Commerce was proud to participate in this event, which is led by our colleagues at the U.S. Department of Energy and our private sector partners at the Council on Competitiveness.

The event highlighted the promise of America’s clean energy future, both in terms of the technologies being developed by our innovators and the energy efficiency gains being driven within our factories and businesses. All of these advances are helping us meet our environmental goals, as well as our economic goals.

As Secretary Pritzker stressed in her keynote remarks that opened day two of the summit, the growth of our clean energy manufacturing base depends not only on what we do in the United States, but also on how we capitalize on the opportunities for U.S. businesses to benefit from the massive growth of clean energy markets beyond our borders.

The United States is not alone in striving to fulfill the promise of a 21^st century clean energy economy. Around the world, governments, businesses, and citizens are investing in energy infrastructure that is cleaner, more efficient, and more secure. In fact, the demand for clean energy has expanded beyond its traditional markets of North America and Europe, and is now truly global. Last year, 50 percent of the investment in renewable energy was in developing and emerging markets. And over the next five years, the cumulative cross-border trade in clean energy technologies is projected to reach $1.4 trillion.

The Department of Commerce’s International Trade Administration (ITA) is working on multiple fronts to secure and capitalize this opportunity for U.S. businesses.

To start, we’re providing the market intelligence and analytic tools to help public and private sector stakeholders strategically deploy precious resources for international business development. ITA’s Top Markets Reports are a flagship in this effort, and our analysis on export growth opportunities include Top Markets Reports on critical sub-sectors to the clean energy economy including environmental technologies,renewable energy, and smart grid.

ITA is also working to ensure that global trade policies and trade agreements are as open and innovative as the technologies that are transforming global energy supplies. That’s why the Obama administration is negotiating tough, modern trade deals like the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership. We’re also working with the world’s major traders of environmental goods to negotiate an agreement in the World Trade Organization (WTO) to eliminate tariffs on the products that reduce carbon emissions, increase energy efficiency, and help protect and preserve environmental resources. Our goal is to expand global consumer access to clean energy and environmental solutions, while reducing the costs for the exporters and the workers who develop these products.

Additionally, ITA’s trade promotion services are working to help connect U.S. clean energy manufacturers to foreign buyers across the globe. Over the last year alone, the Department of Commerce has led six trade missions designed to develop international business partnerships for U.S. companies that provide clean and efficient energy infrastructure solutions including manufacturers and service providers of solar, wind, and other renewable energy technologies and smart grid; energy efficiency; and environmental technologies. In 2016, our work to expand the U.S. manufacturing base through export-driven growth in key markets continues with our Smart Cities Infrastructure Business Development Mission to India.

We’re also advancing our efforts to boost U.S. competitiveness in clean energy manufacturing at one of the world’s biggest stages for trade promotion—Hannover Messe in Germany. With nearly a quarter million visitors, this is the largest global trade show, and next year, the United States is a partner country. This means increased visibility and an increased commitment by the U.S. government. The U.S. pavilions at the show will be bigger than ever, and will include a focus on industries driving energy efficiency gains and environmental benefits, including industrial automation, smart manufacturing, renewable energy and smart grid technologies.

All of these activities sum up our work to grow the “demand side” of the global clean energy economy and ensure that U.S. exporters are the suppliers. Demand won’t be slowing down any time soon, so we’ll be working hard to keep up.