Arlington, VA – This week, U.S. Trade and Development Agency Director Enoh T. Ebong will be in Dubai, United Arab Emirates, for the 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change. While in Dubai, Director Ebong will announce USTDA’s latest commitments to climate infrastructure development in emerging economies, including a new global partnership dedicated to mobilizing institutional investor finance.
“Deploying high-quality, sustainable infrastructure solutions is absolutely essential for the world to address the climate crisis. USTDA’s work is designed to catalyze finance and partnerships that help bring projects from conception to construction,” said Enoh T. Ebong, USTDA’s Director. “U.S. industry offers highly innovative climate mitigation and adaptation technologies, and USTDA is committed to facilitating their deployment in ways that deliver for investors, partners, and the planet.”
New USTDA commitments will include a strategic partnership with the Investor Leadership Network to mobilize climate finance for priority clean energy and critical minerals projects in emerging economies. Other announcements include technical assistance funding for Egypt to develop a roadmap for significantly reducing methane emissions in its oil and gas sector, a feasibility study grant supporting a large-scale solar power plant and battery energy storage system in Zambia, programming to bring Nigerian and Central Asian delegations to the United States to learn about cutting-edge U.S. technologies and best practices for methane abatement, and other partnership-building activities. More information on these announcements is available in USTDA’s fact sheet.
These activities build upon USTDA’s robust climate and clean energy portfolio that, since April 2021, has included more than 80 activities designed to help unlock more than $70 billion in climate finance and support more than $18 billion in U.S. exports.
USTDA’s programming advances U.S. priorities including the Partnership for Global Infrastructure and Investment, the President’s Emergency Plan for Adaptation and Resilience (PREPARE), and the Global Methane Pledge.
The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority infrastructure projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.
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